RETIREMENT INCOME
01.Core Concepts
DISTRIBUTION PLANNING James Dalton | Michael Dalton INTRODUCTION • Estimated 10,000 people reaching age 65 each day (2018 - 2028) • Transition from accumulation phase to distribution phase of retirement planning • Accumulation phase • Accumulation of wealth • Relies on human capital • Distribution phase • Decumulation of wealth • Relies on portfolio and other sources of income