U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 04-11-2014, 06:54 AM
Location: Central Massachusetts
4,800 posts, read 4,850,322 times
Reputation: 6379


Unlike the last Forbes article I posted here, this article is useful. Jamie Hopkins at least has enough meat and potatos in this one that once you have read it you can either perform the tasks yourself or know enough to higher a "Retirement Income Certified Professional (RICP)", I guess they have financial planners that are specialized like to this point. Certainly it helps if you have professional help but it is also not something you have to have. Anyway here is the piece.
Why the Stakes are Higher with Retirement Income Planning than Retirement Savings - Forbes

What I like out of here is that he at least gets you thinking as to what you will go through in that transition from accumulation to using the income from your accumulation. That transition can be as slow or as quick as you need. Some of you can transition smoothly from full time employment to full time retirement. So will need to slowly wean out of the workforce by taking a part time gig. Everyone has specific needs and there is no one method for everyone. If you have done the effective planning and executed a good accumulation phase you should then as you draw closer to that magic day put the same effort into that transition.
Reply With Quote Quick reply to this message

Old 04-11-2014, 12:16 PM
29,782 posts, read 34,876,173 times
Reputation: 11705
Great link with food for thought for everyone. The topic of drawdown and income planning gets discussed in this forum a lot. What needs to be remembered is that we all have different retirement income variables. Relying on what others say can come with great risk.
Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top