How to decide whether to start DB early

NoMore

leosayer said:

Safe withdrawal rates are pretty meaningless when your DC drawdowns will vary significantly once your DB and State pensions kick in.

I find it much more useful to create a cashflow model such as the one linked below.

https://www.youtube.com/watch?v=7Wkr5QtY-G8

You can then model different approaches to see which you feel more comfortable with. 

Whenever I do this for myself, taking DB early almost always ends up giving me the best financial outcome and it gives me better returns because I won't be drawing so much from my DC pot and therefore don't need to de-risk so much.

In the end, it's less about the maths and more about maximising your ability to comfortable enjoy what you have saved.

I got some god feedback when I posed a similar question last year:

https://forums.moneysavingexpert.com/discussion/6475643/how-to-decide-whether-to-start-db-early/p1

I think you meant to post on Early Reduction Factors vs using DC pot - maths question — MoneySavingExpert Forum latest thread, you've posted on your own thread which you link to in your post. 

leosayer

Thanks - will post on that thread now.