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Grow Money Business with Grant Bledsoe


Feb 8, 2023

Ever wonder what a $2 million retirement actually looks like behind the scenes? In this episode Grant covers five case studies that were recently published in a Wall Street Journal article. We review distribution rates, contentment, Social Security decisions, taxes, and each couples' biggest financial concern after giving up their income stream permanently.

 

 [04.10] John’s case – Starting the conversation, Grant goes through the first case mentioned in The Wall Street Journal about 2 million retirement savings, a retired police officer named John.

[10.00] The guardrails approach – Grant defines the guardrails approach and how it works.

[16.38] Taking from retirement accounts – Grant shares the risk of pulling money out from your retirement account if you don’t have any other source of income.

[20.06] Vision – Grant points out the lack of clear vision in the cases he discussed in The Wall Street Journal.

[28.33] Variable distribution rates – Distribution rate is relevant and important, and it will always change, says Grant.  

 

Resources:

Here’s What a $2 Million Retirement Looks Like in America –

wsj.com/articles/heres-what-a-2-million-retirement-looks-like-in-america-11661702455

Use the Guardrails Approach to Avoid Running Out of Money in Retirement –

msn.com/en-us/money/retirement/use-the-guardrails-approach-to-avoid-running-out-of-money-in-retirement/ar-AA13M3pm