Income Planning: How To Spend Your Retirement

Much has been written about the importance of saving for retirement. However, people pay less attention to an equally important subject – how to take income once you do retire. As we noted in a previous article on the phases of retirement investing, the third phase is less about saving and more about spending.  In other words, how to efficiently spend the money you’ve saved during your working years.  The term professionals use for this process is “capital distribution.” The goal of capital distribution is NOT to outlive your retirement nest egg, but to maintain the desired lifestyle for you and your loved ones through your non-working years. Capital distribution (not to be confused with capital gains distribution) is about spending your retirement savings the best way for your unique…