Retirement Planning: Adapt and Anticipate

In retirement planning, it's important to remain flexible as available investment products may change over time. For individuals delaying Social Security benefits, the strategy involves utilizing fixed income assets to maintain a steady risk profile while generating sufficient funds to cover spending before receiving Social Security. This approach allows for a manual drawdown of bond allocations to support expenses in the interim. Additionally, tax-advantaged accounts provide the flexibility to modify one's asset allocation without tax consequences. Estimating future Social Security payments remains a crucial consideration for those planning to retire early.