Other Income Strategies
Once you have bridged the gap between your basic needs and your guaranteed income, you can focus on efficiently structuring regular income from your other sources – even though that income won't be guaranteed.
What other options do you have for generating regular income?
Think about all of your financial resources – bank accounts, retirement accounts or equity in your home. Regardless of where they are, there are ways to transform them into income when you retire. Some of the most common withdrawal strategies are identified in the following chart:
