Long time FI blog reader, but i’m new to the forums here. I’m hoping this community can help me with some research…
I feel very comfortable with where I am with retirement (still in accumulation phase - i’m mid 30s), but my dad has asked me to help him with retirement (he’s 62, ~3 years out) and eventually take over his money management. He’s been paying a financial adviser for many years, has now realized that I know what i’m talking about, is starting to become skeptical of his adviser, and so wants split his money between them and me for management purposes. Which is great!
I have a few things to do outside of my request here:
- help him figure out what the heck he’s going to do with his time once he’s retired, and
- understand what his relationship is with this financial adviser is and if he needs to get out entirely (its a local company that our family has used for years, but that doenst mean its worth it…)
- better understand what his investments are right now
But in the meantime, I just want to better understand retirement withdrawal strategies and other preparations that are required for someone nearing conventional retirement, so i can start to guide him properly. As stated above, I have mostly researched for myself the accumulation phase, but I havent worried as much about withdrawal since its a ways away for me still.
I have read (and own) both of the bogleheads books (guide to investing, guide to retirement planning) and while the retirement planning book is helpful, there’s only a couple of chapters dedicated to really preparing for retirement. Does anyone know of a book that is focused on the final preparations for conventional retirement, and withdrawal strategies, SSA strategies, etc?
Thanks in advance for your help!