How do you turn a lifetime of savings into predictable, sustainable income? Chris Drew breaks down an income-first approach to retirement: how to shift from accumulation to preservation, build multiple income streams (Social Security, pensions, dividends, bonds, and guaranteed income from annuities), and design tax-aware withdrawal sequencing so you don't force destructive sales in down markets. He explains practical steps — reassess risk as you near retirement, run Monte Carlo stress tests, use partial rollovers and Roth conversion pacing, and consider fixed-index annuities or income riders as bond replacements — plus operational items everyone needs: audit beneficiaries and PODs, create a real spending plan and emergency fund, and run a cost-and-risk/overlap review to find hidden fees and duplicated exposures.
Nick Swisher joins in-studio for a lively conversation about career transition and the value of planning — an entertaining reminder that retirement planning is about lifestyle, not spreadsheets. Clear examples, checklistable next steps, and a focus on building a retirement you can actually live on.
Want help implementing this for your accounts? Book a free consultation at https://askthecaptain.com or call 833-DREW-CAP (833-373-9227).