Decumulation... What's that?

Decumulation... What's that?

February 19, 2021
Welcome to the Weekly SUMmary - 02/19/2021

Today we're going to talk about a term that has been used in the financial services industry in the last few years. Decumulation. Have you heard of it?

Miriam Webster defines decumulation as:

:disposal of something accumulated

A lot of clients and prospects that I've worked with over the last few years have believed Retirement Planning (the 4th area of Financial Planning, see previous blog in link) to be Accumulation or investments. It is actually quite the opposite. Using Miriam Webster's definition, Retirement Planning is the preparation for disposal of assets/investments accumulated throughout life.

This planning is typically more difficult as there are many variables to coordinate. This phase was also discussed in my January webinar.

Many people spend their working lives honing their skills and expertise in their field of work. In my experience, with Retirement Planning being complex, many benefit from professional assistance in this planning.

All aspects of financial planning are important. An important topic related to financial planning will be discussed in this Wednesday's educational webinar 10 Principles of Long Term Investing Resilience. Register at the link and you will be sent an email with the webinar link shortly after.


This is meant for educational purposes only. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions.  (02/21)