Glossary
Drawdown / decumulation
The phase after you stop saving, when you fund life by drawing income from or selling down your portfolio — the opposite of the accumulation years. (Confusingly, "drawdown" can also mean a market's fall from its peak.)
What it means for you
Read the thinkingLiving off it The operating manual for living off a portfolio: the machine of selling, the cash buffer, the yearly amount, taxes when you sell, and the playbook for the bad decade. Written from four years of doing it.Getting to your number rewards saving and growth; living off it rewards withdrawing steadily without running dry.
Related terms
Every term, in plain English, on one page: the full glossary. Education, not advice.
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