Retirement Draw Down

Retirement Draw Down, Living Annuities etc are all basically the same product given different names in different countries. You invest a lump sum at retirement and draw a monthly "pension" income. To protect the life of your capital, most countries have a limit on the percentage of capital you may draw as income and the app allows you to change this amount along with other factors. Obviously the lump sum you invest will be placed into an investment growing at a certain growth rate. You can also set up all costs, fees and commissions etc which means this app is truly international and can provide accurate answers for whichever country you live in. Depending on the amount of income you draw and, if the income is inflation linked, then there may come a time when your income may begin to decrease alarmingly and the app's year-by-year table will explain exactly why this can happen and exactly when it can happen. A must-have app for anyone connected to investment or retirement planning!