Decumulation Armageddon - the 1970s experience
ANALYSIS: For those nearing retirement, it can be unsettling to see the market tumble, but we can learn from experience.
Probably the biggest financial worry for the newly retired is running out of money.
A couple of weeks back we looked at the issue of decumulation – the period when retired investors live off their savings – with the benefit of some of the insights shared on the Morningstar Longview podcast with guest Dr Justin Fitzpatrick.
Today we will continue with the ‘living off your
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