You’ve spent decades building your nest egg. Then, when you retire, you need a plan to stop saving and start spending, but not too much that you risk running out of money. As Peter with Richon Planning explains to Erin Kennedy, it’s a delicate balance that requires you to consider these 6 variables:
1. A Plan to Minimize Taxes
2. Make the Right Decision about Social Security Benefits
3. Choose the Right Pension Payout
4. Balance Guaranteed Income and Long-Term Growth
5. Plan for Longevity
6. Account for Inflation
Accounting for each of these variables will be different for everyone. If you’d like to speak with a fiduciary advisor about creating your unique drawdown strategy that considers these 6 variables and many more, please reach out to Peter by calling (919) 300-5886 or visit www.RichonPlanning.com
