How To Draw Assets Down At Retirement...You NEED A Decumulation Plan

The draw down phase, or what you are called “decumulation” is definite more complex than the accumulation phase. During decumulation, the price you pay for making mistakes is much higher, with less opportunity for recovery. I was DIY but now looking to work with a retirement advisor even though I have a good handle on the concepts and good facility with numerical modelling. Here, a plan is EVERYTHING. Great video.

As you spoke to in the beginning, the mindset of drawing down on money that took you your whole life to accumulate is a very hard pill to follow, resulting in anxiety in my case.

Love to see a video specifically on tax-efficient decumulation strategies.

Been watching your videos over the last few months (about 4-6 years from retirement) and found them VERY informative. Aside from being one of the lucky few to be in private sector company and have a DB pension coming, totally bought into the RSP/RIF meltdown strategy. This video shone a light on the part where I was thinking, ok how? Absolutely biggest tip I took from this is sell 1+ years of needed income at high points to avoid having to sell off during downturns. Basically dollar cost averaging in reverse. Thanks very much

Great video! The nuances of decumulation are rarely discussed and I'm so glad you covered it. Lots of good strategies! Thanks!

I would love to hear more on this subject - for example % to allocate to go-go, slow-go and no-go phases when healthy

Lots of food for thought. I appreciate Alan Dunne's comment in this section. Sounds like he is speaking from experience. The bigger price to pay in the decumulation process has be a little concerned on how a DIY would plan it, when there are so many uncertain moving parts that life brings into ones life. I can see myself reaching out to "parallel Wealth" and tapping into asking for help with a plan soon. All the hard work to save...and now to figure out how to make it last up to the day of death....tricky! Thanks Adam...and Alan too😉👍💯🇨🇦

8:20 “…You can talk to yourself…”. Lol. I do that all the time! If I didn’t already have a good financial advisor, I would definitely hire you. Well done Adam.

Adam your videos are very enlightening. I don't see you as the typical investment planner, unfortunately many are only concerned with making money for their employer. Your more focused on the client, thank you for that. Additionally you talk about the opposite side of investing...and that's SPENDING wisely. I'm content with my investment advisor BUT he hasn't brought up spending my money yet. I have 25 days until I'm fully retired at 58. Thanks to your videos I have a much better vision of my financial future.

Thanks for this video. This is something I hadn't thought of in my plan. I've spent a lot of time figuring out how much money I will need upon retirement and creating a plan but not the details of the mechanics of what is going to sell when. I've still got 5 years before I retire so Iv'e got some time.

If I am 100% tsla i will sell 50% and put into SP500 if I decide to retire.

What an excellent channel!! Subcriber

normally I will put 2 years speding in cash short term bonds and GIC 200K just not put in the market. even I am not in retire mode.

Just found your channel and very much enjoying your advice and style. So many financial planners always seem to have alternative motives and are difficult to trust. You mentioned a company you work with for asset management but I couldn’t quite catch their name. I would appreciate the info to check them out.

Forget about talking to your financial planner. Educate yourselves people!!!

I am going to have this problem!

capital appreciation in rrsp i cash in yearly tfsa dividends pay me each month

I can see how owning some total market index funds can take out the psychological effects of selling stocks. "But that's the one that's making me money!" kind of goes out the door in that scenario.

Is there any point in creating a dividend portfolio in an RRSP? I ask because in the end you are forced to draw it down and you can no longer live off the dividends. For example a 1 million dollar dividend portfolio may produce $40k per year in dividends, which may be enough to live off. So in theory your portfolio would last forever and your income would increase as your dividends increased. But the Government forces us to draw down at age 71. Why do they do this? And what would be the best way to draw down in order to maintain your dividend income?

Good channel and lots of helpful info. If your client has another 25+ years of life expectancy and a marginal tax rate of 42%, is there a scenario where you recommend $60k annual rrsp withdrawal? Alternatively, leave it and let the house money (taxes due) compound tax free for decades.