2 Funds for Life 2024 Update
Sound Investing
Exploring Retirement Withdrawal Strategies and Financial Automation
When transitioning to the withdrawal phase in retirement, one needs to choose between fixed or flexible withdrawal strategies and stick with a decided percentage throughout retirement while doing annual rebalancing. Analogous to the evolution of automatic transmission in cars, financial automation has progressed over time, making processes more efficient. Automation in personal finance has advanced from buying individual stocks to mutual funds, then to ETFs, and now to target date funds, providing a simpler and cost-effective investment solution.
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