Episode 13: 5 Things You Must Know About Decumulation to Retire Successfully
This episode is all about decumulation? What does that mean? Well it is the opposite of accumulation.
Nick and Connie discuss some challenges individuals might face while in the decumulation phase of their retirement.
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[0:15] – Decumulation- the opposite of accumulation. What are the challenges you might face in decumulation?
[2:55] Challenge 1 – Lack of support
[5:23] Challenge 2 – Fear of spending
[6:11] Challenge 3 – There are more risks
[7:53] It does matter where and in what order you take your funds in retirement
[8:21] Challenge 4 – Taxes
[9:00] Challenge 5 – Leverage your lifetime income