
Retirement Planning
Utilizing a Retirement Decumulation Strategy
It’s just as important to have a plan for spending money as it is for saving it. Here’s what you need to know.
One major area of expenses that cannot be overlooked in your retirement planning is health care. However, a common misconception is that if you’re a healthy individual — you eat well, you don’t smoke, you exercise — you don’t need to consider health care costs as much as your less healthy counterparts.
Quite the opposite, actually.
On average, a healthy individual will incur greater healthcare costs over his or her retirement, as he/she will likely lead a longer life, and with aging comes inevitable healthcare costs.
So what can the healthy individual who’s doing everything right do to navigate future healthcare costs? Below we’ve outlined a few tips for you to incorporate into your retirement plan.
It’s just as important to have a plan for spending money as it is for saving it. Here’s what you need to know.
Higher life expectancies mean longer retirements. It’s important to consider these tools and strategies to ensure that you don’t outlive your retirement savings.
Increasing lifespans and a recent shift in the US retirement system from employer pensions to accumulation strategies has created new challenges for Americans planning for retirement. Learn how to mitigate longevity risk and create guaranteed retirement income that will last as long as you do.