When it comes to considering how best to draw income from a pension plan, it is important, if not crucial, to understand the mechanism known as Income Drawdown. This has become the preferred route for most retirees when looking at how to take income.
However, Income Drawdown, whilst offering many attractions and benefits, comes with a series of points that retirees need to be wary about.
There are risks, which include running out of money or seeing income reduced, if things go wrong. This video explains more and is a powerful way to learn about this important subject.
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