#22: Retirement Drawdown Strategies - Pros and Cons of Popular Approaches

Send us Fan MailIn 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. Upcoming Seminars:  https://foxplan.nz/foxplan-eventsIf you have a question, suggestions, or a topic you would like us to cover, please send an email to: [email protected] More Dollars & Sense Content: Click HereListen to all The Dollars & Sense Podcasts: Click HereThe 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