A Retirement Portfolio Distribution Strategy

From Accumulation To Distribution is a good article in the May 2006 issue of Financial Planning Magazine by financial planner Harold Evensky specifically presenting a strategy for the distribution phase of retirement, that is when you're retired and now need to start using the money you've accumulated throughout your life. There seems to be too much emphasis placed on strategies for investing and wealth accumulation rather than distribution, and I feel really sorry for anyone having to retire last or this year because they're probably seriously hurting. In the article, his strategy outlasted a conventional balanced stocks/bonds portfolio as well as an all-bond portfolio during the stressful period of the early 1970s when stocks and bonds tanked (similar to our situation now except with monster inflation). I think it's more important now than ever to have a retirement plan in place, and a huge portion of that is a tactic for distributing your money.