Building a sizable corpus is a battle half won; the other half is preserving it. This is why you must formulate a strategy to ensure your story doesn't become part of the riches-to-rags list. To avoid the descent from affluence to financial stress, you need to know two crucial elements: where to stash your money and how much you can annually withdraw to finance your daily life.
This article was originally published on August 28, 2023.