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Ready For Retirement

Where To Pull Income From First When You Retire Early? (Part 3 - Early Retirement)

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 14 March 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, Ari Taublieb, MBA guest hosts the Ready for Retirement podcast to discuss where you should pull income from first when you retire early. Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Financial Advisor. This episode is part three of a three-part series. Ari is the host of the Early Retirement podcast available here. Ari is also on YouTube here. Create your customized early retirement strategy with Ari here. Epis...

Transcript

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0:00.0

Welcome back to the Ready for Retirement podcast. My name is Ari Taublieb, and I am guest hosting this episode,

0:07.0

which is the third and final episode of a three-part early retirement series. The regular host,

0:13.8

James Canol and the founder of Root Financial, will be back hosting after this episode. As a reminder,

0:20.4

my name is Ari Taublieb, and I am the vice

0:22.8

president here at Root Financial Partners and the host of the early retirement podcast.

0:28.2

Now, today's episode is once again, that third and final episode, and I'm going to be specifically

0:33.3

talking about where you should pull income from first when it comes to retirement,

0:38.6

specifically in early retirement. Now, you may be wondering, okay, I've got Roth IRAs and 401ks and

0:45.5

I've heard you talk about all these different types of accounts. What's the best account to

0:50.6

pull from when I retire early? And especially over the course of my retirement,

0:55.1

I don't want to pay a dime more in taxes than I need to, and I want to make sure I'm maximizing

0:59.9

my investments. What should I do? That's exactly what we're going to be talking about in today's

1:04.5

episode. The host of this podcast, James Cannell, will be back shortly after these three episodes

1:10.3

where we focus on an early retirement.

1:13.1

Now let's get back to the episode.

1:17.5

As a kind reminder, you can always look in the description of today's episode for more

1:22.5

information such as our YouTube links, as well as where you can reach out to work with us. Now, without further

1:28.6

do, let's hop into today's episode. And I'm going to come in here and assume that you've heard

1:34.0

either James or myself or other advisors talk about the best things to consider before you retire.

1:40.4

Now, that very well may be determining your retirement expenses. It might be outlining what your perfect retirement day looks like.

1:47.0

Maybe you say, you know what, Ari, I've just been putting off so many hobbies, I can't

1:51.0

wait to do them, and then you start doing them and you go, okay, that's not taking up the whole day.

...

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