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Straight Talk Wealth Radio

STW Radio is broadcast on AM radio weekly. It was born out of the crisis of 2008 and was the mission of its host, Bruce Weide, (President of Secure Financial Services, Inc.), to fill a massive void in most American's retirement portfolio. This safety net would have literally saved them any grief in the crash of '08-'09 and let them pick right back up on the historic gains from there.Today, most of America seems to believe that the government has made everything all better now, and investment risk is a thing of the past - 2008 is never coming back or will always get fixed if it does.Straight Talk Wealth Radio is dedicated to researching and reporting all sides to the stories that matter to those close to retirement or in retirement. In-depth interviews and reviews or Bulls and Bears; Inflationsists and Deflationists; Economists and Financial Strategists. Coming in March of 2019 - make sure to WATCH Straight Talk Wealth episodes Livestreamed on Facebook, YouTube and Periscope!

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Straight Talk Wealth Radio

EPISODE 91B - SPEND with CONFIDENCE in RETIREMENT!

December 24, 2024 • Bruce M. Weide

Welcome to Episode 91B, where Bruce dives deep into the world of retirement planning, ensuring you can spend confidently without worrying about outliving your savings.

10 Keys You'll Learn From This Episode:
1. **Healthcare Costs and Retirement Concerns**: How rising healthcare costs post-recession have heightened concerns about retirement savings and management among workers.
2. **Shift from Defined Benefit to Defined Contribution Plans**: The disappearance of traditional defined benefit pensions and the rise of defined contribution plans like 401(k)s, and how this affects retirees' spending behaviors.
3. **Spending from Investments**: Strategies for making informed decisions about spending from investments in the face of uncertain longevity and retirement costs.
4. **Longevity Risk Transfer**: How retirees can transfer longevity risk to Social Security or insurance companies, including the benefits of purchasing income annuities.
5. **The Annuity Puzzle**: Economic theory's prediction that retirees with annuitized wealth will spend more and an exploration of why many prefer guaranteed income over large sums of non-annuitized savings.
6. **Income Account vs. Accumulation Account**: The distinction between income accounts (used to calculate guaranteed lifetime income) and accumulation accounts (the actual money invested), and why it's crucial to understand this difference.
7. **Guaranteed Withdrawal Rates**: How guaranteed withdrawal rates can provide a safety net for retirees, ensuring steady income regardless of market conditions.
8. **Retirement Income and Lifestyle Protection**: The role of pensioned contracts in providing a financial "firewall" during market fluctuations, thus protecting the retiree's lifestyle.
9. **The 4% Rule and Modern Alternatives**: Why the traditional 4% withdrawal rule might not be sufficient and how newer financial products can potentially offer better security and confidence for retirees.
10. **Case Studies and Practical Examples**: Real-world examples and case studies demonstrating the impact of guaranteed growth rates and withdrawal rates, including scenarios that emphasize the benefits of proper retirement planning.
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**Key Links:**
- PDF Report "Guaranteed Income-A license to Spend" https://hi.switchy.io/a-license-to-spend
- https://www.protectedincome.org/news/license-to-spend/
-https://www.wsj.com/personal-finance/americas-60-year-olds-are-staring-at-financial-peril-62599a76
- Register for Bruce's training on Stagflation: https://straighttalkwealth.com/how-to-win-with-stagflation
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