Penguin Bitesize Guide #7: Retiring Soon

Penguin Bitesize Guide #7: Retiring Soon

The convention suggests when you are somewhere around the point of Retirement, you should think about and execute “planning your Retirement Income”.

This is a great example where language and how something is described (in terms of words or a title) can be unhelpful.

Retirement Income Planning is a straightforward, uncomplicated exercise. However, that is not what most people in this position need.

They need to work out how to accumulate, which is a completely different thing.

And decumulation is complex, quite unlike anything you will have dealt with before.

 

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