You will pay tax and lose the compound returns on the money you take now, with the result that your retirement fund will be as much as 10 times lower than the withdrawal....
Ingrid Avidon, official trainer for the go2berg, and Henno Senekal, distribution marketing manager at Old Mutual Personal Finance, explain that the longer you commit to your final goal, the better the end result.
Despite access to significant resources, one of the most common financial missteps by wealthy and high-net-worth individuals and families is to delay discussions about succession planning