Make your retirement savings last forever

Many clients have expressed concerns about their own spending. Some new research out of Spain, discussed by Market Watch’s Mark Hulbert, proposes that maybe it’s not your spending, but rather your withdrawal rate. Within this new article, Hulbert discusses the possibility of changing withdrawal rate with the flows in the market; to put it simply, if the economy is in a worse spot than the year before, withdraw less than that year. When the economy starts to perform well again, that money you saved will gain in value. You may find this reduction to be intolerable, but keep in mind the gain in future withdrawals when your savings are ahead of schedule. The even broader implication is that the world is profoundly uncertain, and no amount of good planning can possibly deal with eventuality. So it behooves all of us to plan for flexibility. 09.16.19