How long will my ARF Income last? This week we continue our analysis of how we can actually go about drawing and maximising our pension and ARF incomes when we reach the age where we start to ‘spend’ instead of ‘accumulate’ our money.

For me at least this is the fun bit for us. We don’t have pensions because we want a pension, we have pensions because we want what it can potentially give us. Ultimately what it will hopefully give each and every one of us is financial independence and choice when we get to that stage of life.

Unfortunately this is the bit that doesn’t get very well covered in media and education. What we tend to read and hear about is ‘the pension’ or ‘the ARF’ (the products people are trying to sell us!) – we rarely hear about the finer details, and the details that will be the most significant when we get to that stage. I aim to arm you with the ideas and knowledge now so that you can achieve tangible results when you get there yourself and you are drawing an income from your ARF or other pension funds.

We will be looking at two core aspect to Retirement Income Planning; Withdrawal Rates, and Dynamic Spending Strategies. First up are Withdrawal Rates.

Paddy Delaney