The Most Underrated Factor in Retirement Income Sustainability
(By – J.R. Robinson, via www.nasdaq.com)
As a practical matter, the factors that determine how long our savings will last after we retire fall into two categories: those we can control and those we cannot. Major factors that are largely beyond our control include, of course, capital markets returns and how long we live. Factors that are, at least to some degree, within our control include:
- Annual withdrawal amount
- Annual withdrawal adjustment (cost of living increase)
- Asset allocation (how money is invested)
- Investment expenses
- Withdrawal strategy (which assets to withdraw, and when)
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