Episode 28: Beware of Drawdowns!
Jul 8, 2022
One of the biggest concerns of retirees and pre-retirees is outliving their savings. Older Boomer retirees tend to draw down their defined benefit plans (think pensions) at slower rates compared to younger Boomer retirees who rely more on defined contribution plans (think 401(k)). Listen to why this matters.
Here are just a handful of the things that we'll discuss:
- A recent brief published by The Center for Retirement Research at Boston College sheds light on this issue.
- Learn about the evolution of retirement plans: the decline of defined benefit plans and the rise of defined contribution plans.
- Future retirees may need to alter behaviors to protect against outliving their savings.