Withdrawal Strategy in Retirement

When we talk about retirement, we’re almost always talking about how to save for retirement. But what happens once you’ve saved enough and you’re actually retired? Now it’s time to start dipping into that savings. How should you go about executing a withdrawal strategy? That’s the discussion as we kick off the latest show with Michael from Salt Lake City.

We live in an era in which successful organizations can fail in a flash. But they can cope with change and thrive by creating a culture that supports positive pushback: questioning everything without disrespecting anyone.

Nigel Travis, executive chairman and former CEO of Dunkin' Donuts and Baskin Robbins, and author of The Challenge Culture: Why the Most Successful Organizations Run on Pushback, joins us on the latest episode of Jill on Money to explain how.

Nigel Travis has forty years of experience as a leader in large and successful organizations, as well as those facing existential crisis, such as Blockbuster as it dawdled in the face of the Netflix challenge.

In his ten years as CEO and chairman of Dunkin' Brands, Travis fine-tuned his ideas about the challenge culture and perfected the practices required to build it. He argues that the best way for organizations to succeed in today's environment is to embrace challenge and encourage pushback.

Everyone, from the new recruit to the senior leader, must be given the freedom to speak up and question the status quo, must learn how to talk in a civil way about difficult issues, and should be encouraged to debate strategies and tactics, although always in the spirit of shared purpose.

How else will new ideas emerge? How else can organizations steadily improve?

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.