Tuesday Mar 12, 2024

How To Spend In Retirement | with Hamilton Brandenburg

Today's episode is all about retirement income planning.  I chop it up with Hamilton Brandenburg, a virtual financial planner focusing on helping retirees spend money and save on taxes.  If you're doing your own napkin math and considering retirement, this episode will give you a lot to start thinking about.  


Check out more from Hamilton: https://brandenburgfs.com/


Key Takeaways:

  • Retirement income planning requires a flexible approach to spending, taking into account the specific needs and desires of each individual.
  • The 4% rule is often misunderstood and may not be suitable for all retirees. 
  • Cash flow planning is essential to determine the affordability of retirement.
  • Financial advisors play a crucial role in empowering clients to overcome money mindset and fear of spending.
  • Preparing for market volatility and crisis situations is essential for retirees
  • Retirement planning requires flexibility and ongoing updates to adapt to changing circumstances.
  • Tax planning is crucial in retirement to reduce lifetime tax bills and optimize financial outcomes.



00:00 Intro

01:24 Working Virtually 

06:37 Approach Income Planning

09:24 4% Rule vs Flexible Spending

13:13 Cash Flow 

20:19 Empowering Clients

27:56 Flexibility in Retirement

28:49 Importance of Ongoing Plan Updates

33:08 Impact of Taxes on Retirement

36:32 Roth Conversions

48:15 Retirement Expectations 


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