Dennis loves retirement planning for several reasons. Top of the list? The strategy of it all! Let’s say you want to wait until age 70 to collect your Social Security so that you can receive the full benefit (an 8% increase every year that you postpone collecting). At 66, you’ll have four more years until your benefits kick in. What do you do until then? Where can you draw income to cover the gap?
This is where the fun begins for us! Perhaps it makes sense for you or your spouse to work part-time. Or consider “rightsizing” your lifestyle to save on resources. Or even take a little more from your 401(k). What about the annuity you forgot about? So many options! Tune in to hear the different strategies as you “mind the income gap” while moving into your second chapter in life.