Our desires are likely to be more today than they were yesterday. It’s human nature as we learn and grow. Expanding our resources is key to help fulfill our expanding desires.  

One way to expand our resources over time is to set a systematic income withdrawal plan and stick to it. Income producing assets such as retirement and investment accounts are not checking accounts. If they become checking accounts, it’s usually because an Emergency Fund is not in place. This is why an Emergency Fund is extremely important. 

The first unplanned distribution from your retirement and investment accounts is usually the hardest. After that, it becomes easier before ultimately becoming routine. Trouble follows when a responsible income withdrawal plan is interrupted by taking unplanned distributions. It hinders, or slowly stops, the compounding process of investments, has tax implications and often starts a, difficult to escape, downward spiral.  

Do you have an income plan to retire comfortably and stay comfortably retired? You can do this, and it’s easier than you think.  

Take care,

The Retirement Rules of the Road