S5E7: Managing Cashflow In Drawdown
Last week I had a great conversation with Abraham Okusanya about the vital subject of investing in retirement. We covered a lot of ground, and mentioned lots of practical stuff. This week I want to pick out the main points and give you the actionable steps you need to take.
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Managing Cashflow In Drawdown
If you haven’t listened to last week’s conversation with Abraham, I strongly suggest you do that now. Abraham is super-passionate about the subject of investing in retirement, and the serious effects of getting it wrong. His passion is backed up with data, and he covers a lot of that in last week’s show.
If you have listened to that show, stick with me now as I cut to the main things you need to DO (Consider last week as what you need to KNOW)
In this session you will learn:
- Why it is important to map out the first few years' drawdown
- What planning your withdrawal strategy really means
- Why planning round the tax allowances is all-important
- Why I believe you should NOT increase your risk in retirement
- When diversification isn't really diversification
- Why you should keep cash, and how much to keep, when
- The importance of ongoing review
- The power of a long-term view
Podcast: How To Choose A Multi-Asset Fund
As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below:
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