Welcome to Finance Lab with your host, Cory Clark, Chief Marketing Officer at DALBAR! Join us in this episode as we dive into the often-overlooked distribution part of retirement savings with expert guest Andy Paladino, founder of Paladino Financial Group. The distribution phase of retirement can sometimes be overshadowed by the accumulation phase, but our guest explores the various risks involved with planning for it. Listen in to get tips on what to focus on, from sequence of returns to withdrawal rates and more. Andy emphasizes the importance of comprehensive planning to protect your income and assets during retirement. Discover how to navigate the challenges and ensure a secure retirement. Don't miss this opportunity to gain valuable insights into distribution phase retirement planning and safeguarding your income and assets! Guest Bio - Andy Paladino: Andy Paladino is the founder and owner of Paladino Financial Group. He is a Certified Public Accountant (CPA), has a Master of Science in Finance and has also completed the Harvard Institute training program at Harvard University, an in-depth program of portfolio theory. Andy’s knowledge and experience has been featured as a contributing author in the book, You’re in Control: Planning the Most Important Retirement in the World – Yours. He is also the host of a weekly financial radio show, “Your Financial Hour”, every Saturday morning. Key Moments: 01:18: Cory introduces today’s guest, Andy Paladino of Paladino Financial Group. 02:21: Andy agrees that the distribution phase of investing is riskier than the accumulation phase. 03:00: Andy identifies eight retirement risks, including longevity, healthcare, performance, and Social Security cuts. 05:30: Learn about sequence of return risks. 06:05: Andy illustrates the impact of varying returns on two investors. 08:07: Hear about the importance of managing the timing risk in investments. 10:00: Taxes in retirement might not be lower and could even increase. 13:30: Andy argues that Social Security could face benefit reductions, with the trust fund projected to be insolvent by 2033. 15:54: Social Security faces a crisis with increasing benefits and a growing funding gap. 18:10: We are advised to consider the possibility of reduced Social Security benefits when planning for retirement. 20:47: Andy emphasizes the importance of comprehensive retirement planning. 23:25: Andy's planning approach involves financial planning, retirement income, tax strategies, risk management, and legacy planning. 24:25: Andy’s approach also involves shifting funds to fixed income. 26:15: Plan for retirement income by addressing each risk as part of the overall process. Additional Resources: Finance Lab website: https://www.financelab.dalbar.com Visit Andy’s website: https://www.paladinofinancialgroup.com/ Listen to Andy's radio show: https://www.paladinofinancialgroup.com/maryland-radio Listen, rate, and subscribe! Thanks for listening to Finance Lab! If you enjoyed our discussion, please rate our show and subscribe to hear more...