{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Flow of Fortune: Understanding Retirement Through the Water Wheel","description":"Many of us are familiar with how a water wheel works. A constant stream of running water keeps the wheel turning so it can do the work it\u2019s supposed to accomplish (whether turning millstones to grind grain in the 19th century or turning turbines to create hydroelectricity in today\u2019s world). If the stream of water stops running, the wheel stops turning. So, how does a water wheel relate to retirement planning? We\u2019ll tell you how in today\u2019s episode. As always, we\u2019ll kick off the show with some getting-to-know-Matt and Sam questions and share some great quotes of the week relating to retirement planning. This week, we\u2019ll also discuss one of our retirement manual series, The Retirement Playbook: Lessons From The Retirement All-Stars. For this week\u2019s mailbag question, Lenny from Omaha asks whether it would be advisable to withdraw approximately $90,000 from his IRA to purchase a townhouse for rental income. For this week\u2019s Retirement Ride Along segment, Matt and Sam talk about their recent trip to Parkville, Missouri. &amp;nbsp; Here\u2019s some of what we discuss in this episode:  Get-to-know-you questions: The best thing about being an adult, closet doors, and more. (5:06) Quote of the week from Ben Franklin and Jim Rohn (22:48) Lessons From the Retirement All-Stars (24:37) Main topic: Understanding Retirement Through the Water Wheel (30:20) Mailbag: \u201cWould it be a bad idea to withdraw approximately $90,000 from my IRA to purchase a townhouse for rental income?\u201d (43:10) Retirement Ride Along: An afternoon in the beautiful Parkville, Missouri (52:28)  &amp;nbsp; Want to contact us?&amp;nbsp; Call 888-228-8814 or visit us online at https:\/\/incomeforlife.org and check out Folds of Honor at https:\/\/foldsofhonor.org to support their mission. &amp;nbsp; Get your free copy of Preparing for Retirement:&amp;nbsp; Call (888) 228-8814 or email info@incomeforlife.org &amp;nbsp; Links From Today\u2019s Show: The National Golf Club: https:\/\/www.invitedclubs.com\/clubs\/the-national-golf-club The Craic: https:\/\/craiconmain.com\/ ","author_name":"The Income For Life Show","author_url":"https:\/\/www.incomeforlife.org\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/31001368\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/61b120\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/31001368"}