There are hundreds of money decisions that we all make on a regular basis, but most of them are short-lived, small in size and have no lasting impact on our lives. However, deciding how to pay yourself a monthly salary in retirement is the opposite – it’s long term, big in size and will have a huge impact on your life and that of your partner! If you’re wrong, you’ve got a problem. But it’s harder than you might think to get it right! So what can you do? Well, according to industry studies, there are two major income replacement strategies used by advisors. The first is the systematic withdrawal approach, the other is the segmentation or Bucketing approach. Today Steve will compare the two strategies in detail to help you determine which one is right for you. … MASTERING MONEY is in the air!

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This post Controlling Money 14/4/22 – IQ Wealth Management

was original published at “https://iqwealthmanagement.com/2022/04/14/mastering-money-4-14-22/”