Still, one adviser says, to be effective, these services need to help with both accumulation and decumulation
of assets; they need to be priced competitively; and they must have in-person direction by the adviser as financial coach.
This raises the difficult question of how a pension fund should be invested during the so-called decumulation
Lower oil prices and increased imports will cause the current account balance to turn into deficit, financed partially by international reserves decumulation
- Reiterates call for a 0.75% cap from the outset on FCA decumulation
“Clearly, most participants are going to be in target-date funds [TDFs], and you can’t dispute the fact that they’re not the greatest decumulation
vehicles,” Esselman says.
With a large swath of babyboomers recently retired or set to retire, and many of them having accumulated retirement wealth in capital accumulation plans, the time has come for governments to shift their attention to policies facilitating the efficient and economical decumulation
of retirement capital.
On the other hand, if you're a retiree in the decumulation
phase, low income, and don't have many deductions, (i.e.
I am conscious that we hear this a lot in the advice space nowadays, but I think it bears repeating that the policy changes we've seen around decumulation
really are transformational for your profession.
That can be remedied by making them automatic in enrollment and in escalation of the default contribution rate, as well as fixing the decumulation
side by providing an income mechanism within the plan.
With about 10,000 baby boomers turning 65 every day, more attention is being paid to "decumulation
" strategies -- the process of systematically drawing down all that money you've saved over the years.
" strategies -- the process of systematically spending the retirement savings is the latest piece of advice for retirees
iRetire[R] can now deliver a comprehensive accumulation and decumulation
framework for estimated sustainable retirement income that financial advisors can tailor to each client's unique circumstances and preferences.