If you are planning for your retirement, you will approach your financial planner to help you plan how you can systematically spend down your wealth.

Your goal is probably to create a stream of cash flow that can meet your retirement expenses and perhaps, leave a sum of money for the next generation (we called this the bequest)

In the past, I have written about planning for retirement (RET) or financial independence (FI), how much you need, how do you know if you are ready, and what are some ways to systematically spend down your wealth.

I consolidated them in my Planning for Retirement section.

We cannot remove the relationship between how much you need in RET/FI with how you systematically spend down your wealth, how much you need to set aside for the next generation.

And thus some of the solutions that we suggested centers on a recently …