Page 258 - FlipBook BACK FROM SARAN - MAY 5 2020 - Don't Make Me Say I Told You So_6.14x9.21_v9_Neat
P. 258
Section 3
Come Up with an Income Plan
When you retire, you move from the “accumulation phase”
of retirement savings to the “retirement phase.” You go from
accumulating assets to use for retirement income to drawing
on the assets in your portfolio.
Accumulation Phase Retirement Phase
Financial Assets Financial Assets
5 10 15 20 25 30 5 10 15 20 25 30
Years Years
You will need an income distribution plan that will last for
your lifetime, and possibly the lifetime of a spouse. Here are
some steps to help you formulate a plan:
Chapter 6: Your Action Plan
