Navigating the dangers of pound cost ravaging

The freedom to manage your own income throughout retirement, as those over 55 can now do, comes with welcome flexibility but also massive challenges. One of the most dangerous complexities is unfortunately also the most overlooked - the potentially devastating impact of pound-cost ravaging. When lifelong accumulators need to begin drawing income from their investments to pay themselves back in retirement, many assume that if they predetermine a modest level of regular withdrawal, they'll be able to carry on indefinitely. This overlooks one important factor: market conditions. Ta...