When we expand on the investment side of the equation and try to think about how do we get income from our investments when we retire, there's a few key considerations that are extremely important.
Number one, the timing of when you're going to need to take money out and the amount that you need needs to be considered. Of course, the tax implications need to be considered, and your health insurance needs prior to Medicare kicking in at 65 should be considered too.

The reason that the health insurance comes into the equation is because many people who retire before the age of 65 will either go on Affordable Care Act insurance or a state sponsored version of Affordable Care Act insurance. And the cost of those types of insurance programs are actually partially determined by one's modified adjusted gross income.

As your modified adjusted gross income goes up, the cost of the health insurance will also generally increase. And as that goes down, the cost of the health insurance prior to Medicare kicking in will also go down. So these are all 3 very important things.

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