Noble Apex News

Financial advice often focuses on boosting personal savings rates and maximizing return on investment during a worker’s accumulation years. Equally important, however, is the decumulation process, when people spend those savings in the form of income. The goal is to optimize that income – allowing for smooth consumption over time and, importantly, ensuring the money doesn’t run out. But the question of how to do that isn’t easy to answer. This has become even more challenging as people are living longer, yet the average retirement age is largely unchanged.