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Clarity Financial - A Columbia, MO fee-only financial advisor — Flexibility is Key to Any Portfolio Withdrawal Strategy

Flexibility is Key to Any Portfolio Withdrawal Strategy

Determining safe withdrawal rates – or the rate where the percentage of a portfolio that can be withdrawn on an annual basis without sacrificing the portfolio’s ability to last for the lifetime of the investor – is difficult to do. Nobody can predict the future, so knowing exactly how long an investor’s lifetime is going to be – and exactly how much of their investment funds they’ll need during that lifetime given any unforeseen bumps in the road – is impossible. Still, plans have to be made. The only thing that researchers and financial analysts can agree on is that flexibility is by far the most important factor when developing a withdrawal strategy.

Having a withdrawal strategy that is flexible enough to absorb the bumps along the way while still lasting long enough to allow the investor to live comfortably for the duration of their lives is key. As difficult as it is to imagine a catastrophic health concern or a market crash during the sunset of your life, you and your adviser have to think proactively in order to set you up for a successful future of capitalizing on your investments.

Read more about the benefits of having a flexible withdrawal plan in our full article on Columbia Daily Tribune.

As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with managing their taxes, financial risks and other financial issues.

If you would like to learn more about this and other personal financial planning topics serviced by Clarity Financial please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free. 

Certified Financial Planner™ professional

Member of the Alliance of Comprehensive Planners

Member of the National Association of Personal Financial Advisors

Enrolled Agent designation from the IRS

This article is the property of Clarity Financial LLC.