Mark Trautman, Bill Yount, and Becky Heptig dive into the Secure Retirement Income Process created by the co-host of The Retirement and IRA Show. The conversation contrasts the conventional 4% safe withdrawal rule with this alternative and delves into leveraging Social Security, pensions, and annuities for a steady income stream.  Highlighted topics include optimizing spending during 'go-go' years, bucket strategies for savings allocation, and creating a 'fun number' to enjoy life while ensuring financial security. The discussion emphasizes the importance of balancing present enjoyment with future savings.  It aims to guide listeners towards informed decisions for a financially secure and fulfilling life, stressing the need for planning for the needs of your future self, while allowing your present self to enjoy life to the fullest extent possible. Episode Links: Catching Up to FI The Retirement and IRA Show If you would like your question answered on the show, please send an email to me at [email protected] and put “podcast question” in the subject line. Timestamps: 04:12 Diving Deep into the Secure Retirement Income Process 05:49 Understanding the 4% Rule and Its Alternatives 11:39 Navigating the Transition from Accumulation to Decumulation 12:45 Implementing the Secure Retirement Income Process 18:39 Decumulation Strategies: Annuities and Social Security 29:14 Planning for the Delay and Post-Delay Periods in Retirement 39:14 Embracing Life Now: The Philosophy of Spending Wisely 39:51 Understanding Your Financial Future: Calculating Your MDF and SPIA 40:24 Portfolio Management: Jobs Beyond the Minimum Dignity Floor 41:10 Navigating Long-Term Care and Aging Assistance 42:30 Inheritance Planning and Contingency Funds 43:47 Strategic Spending: The Fun Number Concept 45:29 Transitioning from Saving to Spending: A Personal Journey 46:52 Investment Strategies for Different Life Stages 55:33 Exploring Hybrid Long-Term Care Policies 57:24 Aging in Place: Strategies and Considerations 01:00:42 The Joy of Spending: Realizing Your Fun Number 01:13:10 Final Thoughts and Resources for Further Learning