In this episode of the Dollars and Sense podcast, hosts Tim Ellis and Brodie Haggerty dive deep into retirement drawdown plans. They discuss three common strategies used by financial advisers and explore the pros and cons of each approach.
The first strategy they discuss is the 4% rule, which suggests withdrawing 4% of your retirement investment each year. They then explore the dynamic withdrawal strategy, which adjusts the withdrawal amount based on market returns. Finally, they introduce the bucket approach, which involves having a war chest of cash to cover essential expenses during market downturns.
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The information shared on The Dollars & Sense Podcast is general in nature and does not consider your individual circumstances. Dollars & Sense exists purely for educational purposes and should not be relied upon to make an investment or financial decision. Tim Ellis (FSP778196) and Brodie Haggerty (FSP778174) are both Financial Advisers providing advice on behalf of FoxPlan Ltd. FoxPlan Ltd (FSP39630) is a licensed Financial Advice Provider. Important information can be found at www.foxplan.nz/disclosure
