You’ve worked hard, saved diligently, and built up your nest egg. But now what? In this episode of Living Wealthy, host Nick Poppe unpacks one of the biggest financial transitions: going from saving to spending in retirement.

Nick explains why retirement isn’t just about how much you’ve saved, but how well you’ve planned to turn those savings into income. He breaks down the mindset shift from accumulation to distribution and the key risks retirees face, like sequence of returns, inflation, longevity, healthcare costs, and taxes.

You'll also get a high-level look at several retirement income strategies, including:

• The 4% rule and its limitations

• The traditional three-legged stool of retirement (Social Security, pensions, and personal savings)

• The bucketing strategy for timing distributions

• And a more personalized, multi-source income approach using annuities, real estate, whole life insurance, and business assets

Whether you’re approaching retirement or want to plan ahead, this episode will help you understand what changes when the paychecks stop—and how to design a plan that makes your money last.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

Keywords

retirement income, financial planning, cash flow, investment strategies, annuities, 4% rule, income floor, bucketing strategy, three-legged stool, retirement planning

In this candid episode of Living Wealthy, Nick Poppe pulls back the curtain on a bold and unconventional financial move he recently made, cashing out the pre-tax portion of his 401(k). While most financial experts would advise rolling those funds into an IRA or another retirement account, Nick explains why he chose to take the tax hit and penalty to access that capital now. He walks through the numbers, his thought process, and the pros and cons of this decision.

Nick discusses why control and flexibility are crucial to him as a business owner and investor, and how having access to this money today allows him to pursue opportunities he believes can outperform traditional stock market return . He’s transparent about the risks, the upfront costs, and the other downsides he faces for going against conventional wisdom. This episode provides a look at personal finance from a perspective of individual goals and unique situations.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

You’ve spent years building your nest egg, but what happens when it’s finally time to live off of it? In this kickoff to a brand new Living Wealthy series, host Nick Poppe flips the script from accumulation to distribution. This episode dives into one of the most overlooked (and underplanned) stages of personal finance: retirement income.

Nick explains why retirement isn’t just about having enough money, it’s about knowing how to use it. He breaks down the mindset shift required to go from saving and investing to turning those assets into reliable, sustainable income. Along the way, he highlights key risks retirees face like sequence of returns, inflation, longevity, healthcare costs, and tax traps—and why the same strategies that got you here won’t get you through retirement.

Packed with real talk, examples, and a clear breakdown of what makes retirement planning so different (and so crucial), this episode sets the stage for a whole series of conversations about creating income with confidence, flexibility, and peace of mind.

If you're anywhere near retirement, or just want to think ahead, don’t miss this one.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

retirement, financial planning, income distribution, investment strategies, retirement risks, financial independence, wealth management, passive income, retirement income strategies, financial security