Sentences with phrase «retirement drawdown»
"Retirement drawdown" refers to the process of gradually spending down the savings and investments that have been accumulated during one's working years in order to cover expenses and maintain a desired standard of living during retirement. Full definition
You will want to look for someone with experience specific to income taxes as well as someone familiar with retirement drawdown strategies.
newretirement.com
Having a sound retirement drawdown strategy and keeping to it is crucial if you want to be able to live comfortably in retirement and not spend time worrying about outliving your savings.
This post was written as part of a larger project to compare and contrast retirement drawdown strategies, organized by Fritz at The Retirement Manifesto.
Unlike the 2 - tone band The Specials, retirement drawdown strategies are rarely black or white.
They do, either by government - entitlement check, retirement drawdown or savings reduction.
But first, you should know that a retirement drawdown portfolio requires two things — income for today and growth for tomorrow.
Many people have some other big levers that they could potentially pull which could significantly impact their retirement drawdown strategy, so it's worth considering them before they execute their drawdown plan.
Here is my retirement drawdown strategy: I'm still under 50 and more on the accumulation side of things and also facing > 10 years of college tuition, but here's how I look at our situation.
If you're reading this, you're likely someone who: saves money, has built up some assets and is starting to think about how to create a retirement drawdown strategy — a plan for how to turn your assets into income that will last for life.
But first, you should know that a retirement drawdown portfolio requires two things — income for today and growth for tomorrow.