Amongst the many considerations when reaching retirement, a key question if you hold a Defined Contribution or Personal Pension plan is “how long will my money last?”
This question is even more pertinent when considering a transfer out of a Defined Benefit scheme and the ‘certainties’ that this provides.
The question is often answered with the aid of charts and graphs that produce a time line based on several average assumptions and commonly show a future date when the pot will run dry.
The purpose of this document is to illustrate that straight-line investment returns do not reflect the reality of markets. Here we introduce the real-life factors that can affect your drawdown plan.
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