The COVID-19 pandemic has caused a pause in the economic activities which triggered one of the worst quarters of the financial market since 2008. Watch this video by Max Keeling, Head of Expat Advisory, for a quick overview of the markets.
A good retirement strategy optimally addresses two life phases – Accumulation Phase and Draw-down Phase.
The second phase of retirement planning is the Draw-down Phase. Generally, it applies to a person who has retired or stopped working whereby he is no longer generating any active income because he is now dependent on the funds which he has built in the accumulation phase.