Living In a Van Down by the River

Have you ever heard the joke about ending up living in a van by the river? It's funny...until you realize that for some retirees, running out of money isn't a joke at all. In this episode Joe talks about one of the biggest mistakes people make when planning for retirement: never creating a plan for guaranteed income. In this episode, Joe explains: Why running out of money is often a bigger retirement risk than most people realize. The real risk of outliving your savings—even if you've saved a substantial nest egg. Why retirement isn't about how much you've saved—it's about the income your savings can provide. How withdrawing money during market downturns can permanently damage your retirement. Why relying on investment returns alone may not be enough. Ways to create a more reliable retirement income strategy that can help your money last. The goal isn't to scare you—it's to help you avoid becoming the person who jokes about "living in a van by the river" because they never planned for the income they'll need in retirement.