Not exact matches
That's why advisors emphasize the importance of being
flexible with your retirement plan so you can adjust your
withdrawal rate as necessary.
Ultimately, the higher your reliance
rate, the more
flexible you may need to be with your spending — especially if you have a higher
withdrawal rate.
On the flip side, pensioners could benefit from new measures to make ISA
withdrawals more
flexible and a new # 1,000 tax - free allowance on the interest payments of cash savings for basic
rate taxpayers.
But whatever initial
rate you choose, you need to remain
flexible, say, forgoing an inflation increase or even paring your
withdrawal for a few years if a big market setback or higher - than - expected spending puts a big dent in the value of your nest egg or spending more if a string of stellar returns causes your nest egg's value to balloon.
You've got much more going on than us but we share several key things — the willingness to remain
flexible, no intentions of returning to work, and keeping the
withdrawal rate low.
Start with sensible
withdrawal rate, and stay
flexible.
Whatever
withdrawal rate and stocks - bonds mix you decide to go with, you want to stay
flexible.
TO me, being
flexible and having a conservative
withdrawal rate are key.