Retirement Planning Changes

This is the introduction to a series of the 3 facets and more of my craft.

**Disclaimer: this is not constituted to be taken as Financial Advice. Do seek a trusted professional or you can arrange a coffee or tea with me to discuss further.

Retirement planning has always been a set income target one aims for in their later years. For example if one is 35 years old, they will aim to retire with say $5,000 a month inflation adjusted income at 60 years old.

While this is straightforward, it does not take into account 2 core things or concerns,

namely :

1. Uneven spending during retirement years - one may spend more in their first 5-15 years of retirement (during the vigor years , to explore and have new hobbies and travel.)
2. Medical : in the event one is medically ill, one may spend more in their later years for hospital visits, medications , supplements and more.

This may cause inconsistencies in the structuring of the portfolio.

What may be an alternative is - a tailored structuring to incorporate both scenarios of planning for retirement.

Of which i will share in detail in the next articles.

#retirement #incomedistribution #strategy #planning