You’ll most likely spend your pre-retirement years accumulating assets through saving and investing. Once you hit retirement, the idea is to de-accumulate these assets in a way that will provide you with a cash flow that will more or less match your spending. Having assets during retirement is a great thing, but it you can’t effectively draw on your wealth to satisfy your spending in retirement, it won’t adequately serve your retirement needs. Let’s look at how best to manage those assets for the years when you’re no longer working.
