In retirement, the switch flips from the accumulation phase to the decumulation phase. You start to rely on your fixed income sources (pensions, social security, etc.) and savings (investment accounts, etc.) to meet your lifestyle, instead of a biweekly paycheck.
Given this fact, it’s no surprise that many wonder, how do I make my money last? Well, in this presentation, we gear you up with some tips and tricks on how to effectively prolong the life of your assets.Topics that were covered:
• Tax asset diversification
• Social Security & Pension strategies
• Cash Flow Management strategies (guardrails, bucketing, flooring)
• Safe withdrawal rates & RMDs
• How long to make your money last
• Additional income sources in retirement (home equity, renting, downsizing, etc.)
