Paul compares the fixed distribution strategy he discussed in the last podcast with the flexible distribution strategy. Generally, the flexible strategy is for investors who have saved more than they need to meet the minimum financial needs in retirement. The key points to consider are: How much have you have saved for retirement? What combination of equities and fixed income investments do you hold? How much will you take out of your investments in retirement? How you take more when you need it can make millions of dollars in difference between how much you have to spend and how much you have to leave to others.