According to a recent Kiplinger article, there are five keys to a retirement plan that hold up over time. They all happen to start with the same letter, which either means it’s a great framework or someone really wanted it to work out that way. In this episode, Steve walks through the “5 D’s” of retirement planning and how each one plays a role in helping retirees build a plan that can hold up over time.
Here’s some of what we discuss in this episode:
🥚 Diversification: Spread investments and retirement income sources
⏳ Duration: Align bond timelines with financial needs
🛡️ Downside Protection: Weigh lower risk against reduced returns
💵 Discretionary Income: Include everyday spending beyond basic expenses
🧾 Financial Drag: Manage taxes, fees, and portfolio inefficiencies
✅ Plan Review: Build one coordinated long-term strategy
0:00 – Intro
0:58 – Steve’s Dodgeball Experience
1:51 – Diversification
5:20 – Duration
6:45 – Downside Protection
8:38 – Discretionary Income
11:04 – Camping & Jeep Adventures
13:35 – Drag
16:08 – Book a Complimentary Review
How to Turn a $1 Million Nest Egg Into a Lifetime Income Machine
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
