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M*: How To Create A Retirement Policy Statement

TedTed
in Fund Discussions
FYI: If you start reasonably early, set aside adequate savings, and invest in a semi-sane manner, it's hard to go terribly off track with investments in the years leading up to retirement. But decumulation--the process of figuring out how to position your portfolio to deliver desired cash flows in retirement--is another ballgame.

In retirement, a separate set of variables comes into play. Issues like asset allocation and the quality of the investments you choose are still important (which is why you still need an investment policy statement) but so are factors such as how--and how much--you'll spend from your portfolio on an ongoing basis.
Regards,
Ted
https://www.morningstar.com/articles/808697/how-to-create-a-retirement-policy-statement

Comments

  • CrashCrash
    Yes, simple is good. I'll be glad when our transition is over, done, finished and behind us. I don't like juggling so many bowling balls in the air at the same time--- especially, I don't like needing to depend on info from others, and it takes TIME to get those answers...
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