Personal Pension Radio was kind enough to have me as a guest on their podcast again recently. We discussed ways to optimize retirement income and my latest research.
Originally published at Globe and Mail By: IAN McGUGAN The news on longevity is so good it hurts. Call it the curse of success: Life expectancy in Canada is surging higher,…
Want to spend more than 4% of your retirement savings annually without putting yourself at great risk? It might be possible with a “dynamic withdrawal strategy.” This method of tapping one’s nest egg allows retirees at times to exceed the 4% annual withdrawal rate long considered a safe level of spending in later life.
My experience with retirement income has led me to conclude that income annuities have the potential to improve retirement outcomes over what is possible with bond funds.