Choosing the right withdrawal strategy in retirement is crucial. Of course, you want to enjoy yourself. But how do you make sure that you won't run out money in old age?
Of course you want to enjoy the fruits of your labours while you're still fit and able to. But if you spend too much too soon, the danger is that you'll run out of money in your later years.
In this video, Robin Powell asks investing columnist MOIRA O'NEILL what people need to think about when considering which withdrawal strategy is right for them.