newhome2018-11-30T22:42:37+00:00

The Huge Difference In Your IRA Between Accumulation And Distribution



Accumulation and Distribution, be sure you understand your options.

Most people today face the daunting task of living off their retirement savings for the rest of their lives. Traditional pensions are in the minority these days, as more and more companies and institutions move away from them.

One of the most overlooked aspects of planning to live off of one’s savings is the two distinct phases a future retiree will have to face: The Accumulation Phase and The Distribution Phase. Let’s take a look at both.

The Accumulation Phase is where you’re contributing to your retirement assets and growing them for future use. In the early stages of the Accumulation Phase, when you are younger, you can take risks that may sometimes backfire. And when they do, you still have plenty of time to make up losses as time moves forward. But when you are closer to, or in retirement, losses incurred at this point could prove devastating to your future.

So let’s turn to the Distribution Phase and the perils that come with it. You’ll be tasked with converting your retirement savings into Income, which will have to last the rest of two lives if you have a spouse. Your risk exposure should now be as low as possible. Why? Losses incurred during the Distribution Phase could prove impossible to recoup. Let’s look at an example.

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INVITED AUTHORS

Brad Pistole

Brad Pistole

Trinity Insurance & Financial Services, Inc.

Lyle Boss

Lyle Boss

Boss Financial & Insurance Services, LLC

Joe Edgeworth

Joe Edgeworth

The Edgeworth Insurance Group

Al Martinez, America's Financial Solutions Group

Al Martinez

America’s Financial Solutions Group, LLC

Nathan Frederico

Nathan Frederico

Mayfield Financial & Estate Protection Services, Inc.

Chad Owen

Chad Owen

Eagle Shadow Life & Annuity , LLC

Robert Kelly

Robert Kelly

Safe Money and Income Solutions

Dave Stanley

Dave Stanley

Financial Consultant | CEPP

Jim Junge

Jim Junge

Benefit Services Group

Laurabell Lyster

Stephen Dybwad

Investment Advisor Representative

Steve Kerby

Steve Kerby

Eric Hutter

Eric Hutter

Osprey Retirement Solutions

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