Karin Risi: There’s a great deal of complex modeling guiding our dynamic investing method, but the idea is really straightforward. What it enables our retirees to do during the drawdown phase is to spend a minimal extra when markets are up and to pull back investing in down markets. We listen to customer comments, Tim, and they really like this unique method, since it takes the guesswork out of asset drawdown for them. It can be a really overwhelming experience to save for a long time and then in retirement, attempt to determine out—in a tumultuous market—how a great deal you can acquire out of your portfolio. Dynamic investing allows our clientele do that.
Tim Buckley: All appropriate, so in that investing, you will tell me, “Tim, spend considerably less.” But I’m heading to guess that appropriate now individuals are investing considerably less now.
Karin: Exactly. The portfolio method and discussions with your advisor can help good-tune that investing and determine out how a great deal you need to have to pull back. Not just about every customer knows. It’s not a standard rule of thumb. You may well want to know—depending on your latest wealth level—how a great deal do I need to have to pull back, and some of which is heading to count on the duration of this downturn.