Success Story With Thomas William

Retirement Income Shortfall? Strategies for Before and After You Retire

Episode Summary

In this episode, host Thomas William discusses how to plan for — and protect yourself from — a retirement income shortfall. He explains the key reasons retirees run out of money, and more importantly, how to prevent it with smart strategies both before and after retirement. You’ll learn how to estimate your retirement expenses, diversify your income sources, and adjust your investment strategy as you age. Thomas also shares proven methods to create sustainable income streams, minimize taxes, and maintain financial security throughout your retirement years.

Episode Notes

• Start planning early — the earlier you invest, the stronger your retirement foundation.
• Diversify with multiple income streams: pensions, investments, real estate, side income.
• Adjust your portfolio from growth to stability as retirement approaches.
• Keep 1–2 years of living expenses in cash or low-risk assets.
• After retirement, manage withdrawals carefully (e.g., 4% rule).
• Minimize taxes with Roth accounts and smart timing of withdrawals.