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✅ Step 3: Keep “provisional income” low by delaying social security and minimizing income from taxable retirement assets</h2>You can minimize the retirement assets required by keeping your “provisional income” low enough to <a href="https://readmedium.com/do-you-want-to-collect-social-security-completely-tax-free-in-retirement-3994a16e3963">collect social security tax-free</a>, often times this is best achieved by <a href="https://readmedium.com/5-reasons-it-might-be-a-bad-idea-to-take-social-security-early-86c43f0156b4">delaying your social security</a> until age 70 to maximize the income.<h2 id="de25">✅ Step 4: Eliminate market risk (sequence-of-return) risk from the income portion of your retirement</h2>By designating some of your retirement assets to income-only, in a non-market-based vehicle, you can <a href="https://readmedium.com/your-returns-matter-more-when-you-start-taking-income-in-retirement-the-sequence-of-return-risk-1ecca7205f44">eliminate the sequence-of-return risk</a> on your retirement income bucket entirely.<h2 id="0db9">✅ Step 5: Let the market grow your discretionary retirement money</h2>The market is great at growing money (even though it’s ineffective at providing income). <a href="https://readmedium.com/leverage-for-income-leverage-for-growth-a-2-2-5-scenario-9fc136569195">Allow the market to grow your discretionary retirement dollars</a> by creating an <a href="https://readmedium.com/2-crucial-reasons-for-an-income-floor-in-retirement-never-outlive-your-money-permission-to-e094310b3b2f">income floor</a> for yourself that is contractually guaranteed.<h2 id="d9b1">✅ Step 6: Start repositioning market-based assets to income 10 years prior to retirement</h2><p id=

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"3b27">If you can start repositioning market-based retirement assets into <a href="https://readmedium.com/reverse-engineering-for-retirement-income-creating-an-extra-7-000-per-month-ca92a4188c7">income-based assets</a> approximately 10 years prior to your income target (or retirement), you will be able to maximize the income element of your portfolio with the smallest overall investment.These are 6 simple ways to squeeze the most amount of income out of the smallest amount of assets.The earlier you can start this planning process, the better.10 years is a very good target to shoot for, but you can start even earlier.Starting earlier even gives you more time to reposition assets in tax-free buckets so you can truly retire completely tax-free. 😏<blockquote id="13b0">These strategies all work together to ensure that you maximize your income and also give yourself the absolute most flexibility in retirement.</blockquote>Truly the best of both worlds.Let’s chat 💬😎Connect With Me & Access All My Resources <a href="https://pages.safewealthplanning.com/profile">Here</a>Enjoy these blogs? You can support my writing (and other great writers) for just a few bucks <a href="https://medium.com/@matthewrharris/membership">here</a> if you feel inclined, but be sure to checkout this blog in the meantime: <a href="https://readmedium.com/yet-another-reason-to-avoid-taking-social-security-early-the-annual-earnings-limit-6077b0fc2ff5">Yet Another Reason to Avoid Taking Social Security Early (the annual earnings limit)!</a>To your success,Matt</article></body>

6 Steps to Maximize Retirement Income (with the minimum amount of assets)

(don’t forget to checkout the video of this blog as well)

Your goal in retirement should be simple:

Utilize the minimum amount of assets to provide the maximum amount of retirement income.

There are a few very basic financial planning principles that (if you follow) will help you do just that 😏

Let’s get started:

✅ Step 1: Retire Tax-free

The assets required to provide the most guaranteed income in retirement will be far less if you can put yourself in a position to achieve a tax-free retirement.

✅ Step 2: Leverage an Insurance Company for Income

The assets required to hit your retirement income goal will decrease SIGNIFICANTLY (sometimes by as much as half) if you leverage an insurance company for the INCOME aspect of retirement.

✅ Step 3: Keep “provisional income” low by delaying social security and minimizing income from taxable retirement assets

You can minimize the retirement assets required by keeping your “provisional income” low enough to collect social security tax-free, often times this is best achieved by delaying your social security until age 70 to maximize the income.

✅ Step 4: Eliminate market risk (sequence-of-return) risk from the income portion of your retirement

By designating some of your retirement assets to income-only, in a non-market-based vehicle, you can eliminate the sequence-of-return risk on your retirement income bucket entirely.

✅ Step 5: Let the market grow your discretionary retirement money

The market is great at growing money (even though it’s ineffective at providing income). Allow the market to grow your discretionary retirement dollars by creating an income floor for yourself that is contractually guaranteed.

✅ Step 6: Start repositioning market-based assets to income 10 years prior to retirement

If you can start repositioning market-based retirement assets into income-based assets approximately 10 years prior to your income target (or retirement), you will be able to maximize the income element of your portfolio with the smallest overall investment.

These are 6 simple ways to squeeze the most amount of income out of the smallest amount of assets.

The earlier you can start this planning process, the better.

10 years is a very good target to shoot for, but you can start even earlier.

Starting earlier even gives you more time to reposition assets in tax-free buckets so you can truly retire completely tax-free. 😏

These strategies all work together to ensure that you maximize your income and also give yourself the absolute most flexibility in retirement.

Truly the best of both worlds.

Let’s chat 💬😎

Connect With Me & Access All My Resources Here

Enjoy these blogs? You can support my writing (and other great writers) for just a few bucks here if you feel inclined, but be sure to checkout this blog in the meantime: Yet Another Reason to Avoid Taking Social Security Early (the annual earnings limit)!

To your success,

Matt