Speculate to decumulate?

Sky Sports or golf at Wentworth? Knowing how a client wishes to spend his or her retirement is crucial to providing the best goal-based advice and assessing whether the risk is worth the prize

During the decumulation (or income) phase of retirement planning, the client's portfolio needs to grow just as it did throughout the accumulation phase; the only difference is the investments have to work harder to recover the shortfall caused by the withdrawals, so the withdrawals remain sustainable for the life of the client. However, some people will tell you that the decumulation phase of retirement planning requires a very different investment process than the accumulation phase when in fact, the process is exactly the same. Perhaps the more pressing issue during the decumulation pha...