Key Takeaways
- When planning your retirement withdrawal strategy, you must consider many factors and remain flexible. It’s difficult to have one “static” lifetime withdrawal rate.
- To guard against volatility, consider sources of guaranteed income to cover your “non-negotiables” in spending, and make sure to have some emergency reserves.
- In terms of keeping up with inflation, consider diversifying your portfolio with inflation-resistant investments such as treasury-inflation protected securities (TIPS), real assets, and commodities.
- Consider strategies that can help manage taxes and potentially increase the longevity of your portfolio. For example, consider withdrawing from multiple accounts to spread out your tax liability.