What if the money you spent 30 years saving runs out before you do?
Most people spend 30 years saving for retirement and almost no time on the part that decides everything: turning that pile of money into a paycheck that lasts. David Bezar sits down with Sean DeBarberie, retirement & tax strategist and a CFP® practitioner at Thrive, to break down how to optimize retirement income so it never runs dry.
They get into why over 80% of retirees carry a lopsided, tax-heavy portfolio, why at least half the people Sean meets are taking more risk than they realize, and how the GPS framework splits your money into growth and safe buckets so income keeps flowing no matter what the market does.
Taxes are the number one controllable expense in retirement, and getting income wrong can mean going back to work. This is the episode that helps you sleep at night. Listen now.
Timestamped Highlights- [00:00:39] Why saving is the easy part, and income planning is the part that actually counts
- [00:03:00] What retiring early without an income plan really looks like
- [00:03:49] The four tailwinds that can quietly drain a retirement nest egg
- [00:04:28] The Social Security stat on how long one spouse is likely to live
- [00:05:15] The two warning signs your retirement income is at risk
- [00:06:58] The worst case Sean finds when he looks under the hood
- [00:08:22] How many people are more aggressive than they think (higher than you would guess)
- [00:09:00] Where taxes fit into your income plan, and why 80% of retirees are exposed
- [00:10:25] The ticking tax bomb hiding inside your tax-deferred accounts
- [00:12:09] The do-it-yourselfer who finally got peace of mind
- [00:12:51] The GPS framework, and how it keeps income flowing through any market
- [00:15:46] Why average rates of return can be a trap near retirement
- [00:17:03] The only two things you can ever do with risk
Mentioned ResourcesThrive Financial Services runs 120-plus workshops a year across the Philadelphia tri-state area. Book a call at thrivefinancialservices.com.
About the GuestSean DeBarberie, CFP®, ChFC®, RICP®, MBA is a financial advisor and CFP® practitioner at Thrive Financial Services with nearly a decade in the financial industry. He also holds the ChFC® and RICP® designations. Sean began his career as a traditional money manager and investment advisor before focusing on helping people reach retirement and stay retired successfully, working across Thrive's ROUTE framework of risk, income, cash flow, healthcare, taxes, and estate planning to build tax-efficient retirement income plans.
🔗 Connect with Sean: LinkedIn | Website
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DisclosureThrive Capital Management, LLC, is an SEC-Registered Investment Advisory firm. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate a particular level of skill or ability. Insurance products and services offered through Thrive Financial Services, LLC. Thrive Financial Services and Thrive Capital Management, LLC are affiliated companies. For more information please visit: https://adviserinfo.sec.gov and search for our firm name.
This podcast is for informational purposes only and is not intended as legal, tax, or investment advice, or as a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.
Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Thrive in Retirement is an original production hosted by David Bezar. Brought to you by Thrive Financial Services. Production and editing by Podcast Your Brand.
