Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Decumulation
Old 09-09-2014, 01:58 PM   #1
Dryer sheet aficionado
 
Join Date: Jun 2014
Posts: 25
Decumulation

Hi all,

Most of my adult financial planning efforts have naturally been focused on the accumulation of wealth..but now I am in my early 50s and it's time to develop a new strategy and set a timeline for retirement.

My retirement income will come from a nest egg, a couple pensions and SS...with a possible benefit of subsidized health care.

Most personal finance books seem to be only focused only on budgeting and investing.
Can anyone recommend a good book for researching decumulation strategies (eg. taking the pensions and SS sooner or later) and related financial issues in retirement.?

I understand the beginning step of calculating what my retirement income will look like based on assets, but the pensions and when to start taking them, versus living first off the nest egg - all of this is a bit new to me.

Thanks, GiGi
__________________

__________________
TresBelle65 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-09-2014, 02:07 PM   #2
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
A well-organized spreadsheet might be all you need.
__________________

__________________

steelyman is offline   Reply With Quote
Old 09-09-2014, 02:08 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
Jim Otar's Unveiling the Retirement Myth was of great help to me. ESPlanner is the best (as in most robust) calculator I've found for decumulation. The more I use and understand it, the more I like it.
__________________
Options is offline   Reply With Quote
Old 09-09-2014, 03:03 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,961
There's tons written about when to take Soc Sec, just Google and read. And the pensions I know of are fairly simple financial instruments, most people take them when it maximizes their expected benefit payout unless they need the income sooner.

The accumulation phase has fewer variables and is therefore considerably simpler (though not easy) than "decumulation" so there's much less written. The book below is the most serious resource I've found, but it's not for the faint of heart and it was written before the GFC (2008 global financial collapse). Some reputable "experts" have reconsidered and (in some cases, substantially) changed their recommendations since the GFC.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 09-09-2014, 03:52 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,582
Another good one:
The Bogleheads' Guide to Retirement Planning
__________________
braumeister is online now   Reply With Quote
Old 09-09-2014, 04:38 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,014
Here are two Canadian books on decumulation:

http://www.amazon.ca/Your-Retirement.../dp/1118087526

Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life: Moshe A. Milevsky, Alexandra C. Macqueen: 9780470680995: Books - Amazon.ca
__________________

__________________
Meadbh is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ignorance in accumulation phase "compounded" in decumulation phase nun FIRE and Money 87 05-30-2011 12:00 PM
Detailed Distribution-Decumulation-Withdrawal Plan Midpack FIRE and Money 35 11-05-2009 01:40 PM
In decumulation (living off the fat of the land) cashflo2u2 Hi, I am... 16 11-01-2007 04:33 PM
Rational Decumulation - Annuity to the Rescue chinaco FIRE and Money 26 08-14-2007 05:39 PM

 

 
All times are GMT -6. The time now is 07:50 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.