3/10/2014 – Keep retirement on track regardless of market direction

Staying the course in the midst of market volatility is a challenge for any investor, and especially so when taking cash flow distributions during retirement.

An approach recommended by financial planner Jon Guyton is to craft a “Withdrawal Policy Statement” (WPS). The goal is to have a written plan of a specific course of action related to how funds will be withdrawn from the portfolio and to clarify what steps will be taken to stay on track during a market decline.

Read the full article at MarketWatch.