The first thing I want to do is reframe how you think about your money in retirement, because it's a genuinely different job to what came before. During your working years, you were in accumulation mode. Money goes in. Investments grow. You don't touch it. Simple.
In retirement, you flip into decumulation mode – a horrible word that advisers like me like to use. Now you need your money to do two things simultaneously: fund your lifestyle AND keep growing enough to last the rest of your life. That tension — between spending and growing — is what often trips people up.
If you're serious about building a retirement plan that actually works, my Retirement Planning course at Meaningful Academy is designed to walk you through every step: from understanding your pension options to building a drawdown strategy you can live with. Head to Meaningful Academy: Retirement Planning
The post Retirement on Autopilot: A Simple System That Runs Itself appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
* This article was originally published here
No comments:
Post a Comment