The fundamental question we’re trying to answer in retirement planning is this: will the money outlive the people or will the people outlive the money? The problem is we simply won’t know for sure until the event has happened, by which time it’s too late to plan. Without the proverbial crystal ball, it’s impossible to come up with the perfect withdrawal strategy. The future is inherently unknown, so how do we make decisions? The answer is that we think in terms of probabilities.Read More
We're delighted to announce a new feature on Timeline which enables planners to illustrate the benefits of scaling up/down withdrawals at different phases of retirement
The traditional assumption for sustainable withdrawal rate is that a client will spend the same amount of inflation adjusted income throughout their retirement. This assumption is not supported by cold hard data on spending pattern of retirees.
Research in the UK shows spending in retirement declines progressively in real terms. From age 65, spending typically declines progressively and is about 35% lower at age 80.Read More
We are very pleased to let you know that we've now added the PDF report feature to Timeline, the sustainable withdrawal rate app.
With this feature, financial planners can now produce a personalised Withdrawal Policy Statement for their clients at the click of a button! How cool is that?Read More