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EP # 217 | Should You Spend Down Your Savings If You Have a Pension?
The people who walk in with the most secure retirement income Joe ever sees - a defined benefit pension that pays every month for the rest of their life - are very often the most nervous about spending their savings. The strongest floor under them of anybody, and they are the ones white-knuckling the nest egg. If that is you or your spouse, this episode is for you.
A defined benefit pension is a wonderful thing to have. But it is flat. And your retirement is not. The go-go years ask for more than the pension pays, and the only place that extra money can come from is the savings you spent 30…
The skinny
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