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Investing Specialists

How to Create a Retirement Policy Statement

Use our template to document your retirement assets, strategy, and spending system.

This article is part of our Risk Management Boot Camp special report. A version of this article appeared on April 19, 2016.

An investment policy statement--a basic blueprint that you can use to set up your portfolio and keep it on track on an ongoing basis--is a must for investors at all life stages. But in retirement, a separate set of variables come into play--specifically, how you'll manage to extract the cash flow you need from that portfolio you worked so hard to accumulate. Issues like your portfolio's asset allocation and the quality of the investments you choose are still important (which is why you still need an investment policy statement, even when you're retired) but so are factors such as how--and how much--you'll spend from your portfolio on an ongoing basis.

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