Imagine this. You鈥檝e just retired and have spent the last 45 years diligently saving for this moment. Suddenly, your goal is no longer wealth accumulation, but rather spending the savings that you鈥檝e built up over the years. You have to figure out how much is reasonable to spend each month while still saving enough to live comfortably, hopefully for the next few decades. This process is called retirement spending. If you鈥檙e a client of 大象传媒, you鈥檝e already done this 馃檪
What else do I need to know?
Retirement spending is very similar to the process of decumulation. Decumulation involves strategizing about the best way to spend the savings you鈥檝e worked hard to accumulate during your working years based on critical factors like your current income streams, investment strategy, personal goals, needs and plans for an inheritance.
