Consumption smoothing is what EvolveMyRetirement® is all about. But just what is it? Here’s the definition from Investopedia: “Consumption smoothing is the practice of optimizing our standard of living by ensuring a proper balance between spending and saving during theRead more
Drawdown: What’s A Safe Rate?
Many people associate the word “drawdown” with withdrawals from a pension fund after retirement. But a pension fund is really just a tax shelter for investments. The principles of drawdown can be applied to all your investments, wherever held. BeforeRead more
On-Track For Retirement? Make Sure You’re Asking The Right Question
Are you on-track for retirement? Most retirement planning websites ask this question, or something very close. There are numerous retirement calculators that claim to be able to answer it. If you’ve tried a few, you’ll no doubt realise that theRead more
The Coronavirus Retirement Challenge
The coronavirus outbreak has created a time of uncertainty and worry for us all. First and foremost in all our minds will be our health. But many of us will equally be concerned about our personal finances. Will we loseRead more