Traditionally, retirement planning revolves around a stock/bond portfolio that is focused on growth, suggesting you take around 4% as income each year. Other traditional strategies include funding a dividend portfolio or funding and annuitizing a fixed or fixed income annuity so that you can have guaranteed lifetime income.
Michael Decker, the founder of Kedrec and the author of the book, “How to Retire on Time – Create A Retirement Plan Designed To Last Longer Than You” believes that these traditional strategies are extreme and either expose the client to more risk than they may realize or do not offer enough flexibility to adapt to an ever changing financial environment.
“There’s no such thing as a perfect investment. There’s no such thing as a perfect strategy. Retirement planning is a paradoxical problem that takes a balanced and principle-based approach to be able to solve.”
After spending a decade challenging these traditional, and in his opinion risky strategies, Decker has compiled his research into his new book. “I wrote it so it could be an easy-to-follow step-by-step guide for those who are retired or approaching retirement within the next 10 years.”