This week on The Lifetime Income Series, Jim and Cathlyn discuss strategies for building up and spending down your nest egg. They discuss the most common “rule of thumb” for asset allocation in building your wealth, as well as three important additional elements to consider. They also discuss another “rule of thumb” for spending down your wealth in retirement. The key point is that rules of thumb are general guidelines, and don’t apply to everyone. They stress the importance of following a strategy that is unique to your own situation. Jim sums it up by stating that any savings and investment strategy should be “purposeful, practical, and personal”.
.
