Should You Use The Systematic Withdrawal Approach To Retirement Income Planning?

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

For many Americans, their financial planning goals can be broken down into two periods: saving for retirement and spending in retirement (if you’re up on your financial industry jargon, you might know these phases as accumulation and decumulation, respectively). While this is definitely an oversimplification of the complexities of saving for retirement, it helps identify the primary differentiating factor of these two distinct time periods in life. (Click here for an overview of retirement income spending strategies).

Saving for retirement is all about wealth accumulation. Spending in retirement is more about decumulation – spending down your assets and generating cash flow to meet goals and needs.

To create cash flow, you need to implement retirement income planning alongside saving for retirement, although they require distinctly different mindsets and strategies. Perhaps the most popular retirement income strategy financial advisors use to accomplish this goal is the systematic withdrawal approach. Let’s take a look at what this strategy is and how it works.

Full article on Forbes here

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

The Mutual Fund Fees We Don’t Talk About

Mutual fund fees are often discussed, but not fully appreciated by many investors. The ultimate cost of owning a fund is far greater than what meets the eye. This is primarily due to two reasons. First, only about a third of the total cost is reported by the expense ratio. Other hidden fees …

Despite Market Volatility, Advisors Still See A Bull Run

A strong U.S. economy helped propel the stock market higher in 2014, continuing the bull run. As a result, many Wall Street strategists remain, not surprisingly, bullish on the U.S. stock market—and they expect the advance to continue.

Why Rising Rates Won’t Kill the Bull Market

It has been nearly nine years since the Federal Reserve last raised interest rates, and many investors are uncertain about how inevitable hikes will impact the market. Certainly, accommodative monetary policies have contributed to the current bull market. Businesses have taken advantage of …
1 2 3 25 26 27 28

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation