#432: Have you ever worried about running out of money after you retire?Do you keep checking your net worth to make sure you have enough? Does this always feel a little … unsatisfying?This episode discusses why.Today's guest, Michael Lynch, is a certified financial planner and author. His most recent book, “It’s All About The Income,” says that we’re obsessed with the wrong thing. Retirement planning is focused on growing assets. But your assets aren’t going to keep the lights on. Your INCOME, not your assets, is the centerpiece of your retirement.He shares real-life examples of the biggest risks to your income — the risks that might halt you from enjoying your retirement years. He shares tips on how to make sure your income is smooth and secure, even when you’re not punching the clock anymore.Enjoy!For more information, visit the show notes at https://affordanything.com/episode432

Estimated timing of discussion points as of March 2023:01:36: The disconnect between living on income vs. assets in retirement02:15: “There’s no such thing as safe”04:41: The three-bucket approach to retirement08:17: Sources to learn the history of the stock market10:33: This historical best hedge against a declining stock market16:25: The ideal asset mix for short-, medium- and long-term investments17:01: The need to distinguish between money you’ll need vs money you’ll need to generate income20:16: When to be a saver vs. an investor23:49: How to approach the medium-term bucket36:03: Lowering sequence of returns risk with the three-bucket method37:02: Inflation risk and the impact on retirementLearn more about your ad choices. Visit podcastchoices.com/adchoices