Article preview: Are your pension pot withdrawals sustainable? It’s one of the most important retirement planning questions, as the need to make your pension pot last for the duration of your retirement is paramount. New retirement income market data from the Financial Conduct Authority suggests that many retirees are pushing their luck when it comes to their pension withdrawals. According to the FCA, 42% of people who use flexible income drawdown to access to their pension pots are withdrawing more than 8% a year.
High pension pot withdrawals are unlikely to be sustainable
This 334-word blog post reports on the latest FCA retirement income market data which suggests a large number of retirees who are using flexible income drawdown have set an unsustainable withdrawal rate. Written on 30th September 2020.
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