There are some big changes happening in the world of retirement planning. Some big and really good changes. First some background.
One of the most studied and researched topics in the field of financial planning is NOT the study of the accumulation phase of your life, where you’re saving and investing for the future. Instead, the subject that draws the most attention in the academic as well as professional world of personal finance, by a longshot, is that of the withdrawal phase of your life. The phase where you begin to distribute the money you’ve saved either with a planned retirement income strategy or a flying by the seat of your pants strategy.