Creating a Steady Paycheck to Maximize Wealth and Minimize Stress with Bryan McCloskey

Joining Tom for a second time is friend and colleague Bryan McCloskey of Revisionist Wealth. Continuing up in their previous episode "The Retirement Experiment is Failing," Tom and Bryan talk more about the definition of retirement and how most people focus on net worth but in retirement, it's about cash flow and income. Pensions are no longer common for most outside of government jobs; money is being challenged and markets are in turmoil. It's important to maximize the use of assets to create the most income from a dollar. Listen in to learn why thinking about money in accumulation, distribution, and preservation can help you maximize efficiency and own your future to create freedom and reduce stress.

Highlights

• 03:57 Things to think about prior to retirement
• 07:38 There are different tools that can be used to complement the normal 401k
• 08:49 What a pension is
• 11:11 Annuity as a better or different tool to improve outcomes
• 12:53 Living with your cash flow
• 20:52 How to achieve the best plan to reduce taxes
• 26:40 The ability of some annuities to create paychecks
• 29:36 Needing good experts who'll share good wisdom and education with you Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Bryan McCloskey
• https://www.revisionistwealth.com/
• https://www.facebook.com/groups/973135963398734
• https://www.linkedin.com/in/bryanmccloskey

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