Retirement income puzzle: How much can you withdraw from your kitty?
DBS’ new digiPortfolio fills a gap for a “decumulation” product in the market. But there is room to reduce costs further
WHEN you retire, how much can you safely withdraw from your kitty to ensure your savings last as long as possible?
A financial adviser can easily model the future value of your portfolio and map your withdrawals in just a couple of clicks, plus advise you to adjust your asset allocation as you approach retirement.
But for do-it-yourself investors, continuing to invest, rebalance periodically, and later, withdraw for expenses in retirement can be tricky.
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