During your working career, you simply put money into your retirement account and watched the market climb for two to three decades (not in a straight line, of course; but, it still went up over time).
The accumulation phase was a lot easier than the distribution phase. In retirement you’re drawing down assets – and doing it during two or three decades of inflation and tax-law changes, not to mention those untimely market declines that always seem to take place just when you need your money the most!
Do you remember 1966?
There was no recession or depression. No dot-com bust or credit melt-down; no market crash. It was a pretty unremarkable year except – it was a bad year to retire.
No one want to see their retirement plans go ‘off the road’ – especially when already in retirement. Maybe installing some ‘guardrails’ might help.
I’m doing a short webinar on how you can adopt a “Guardrails” strategy for your own retirement. I think you’ll find it helpful.
You can see it here!
Enjoy!
Jim
