Can You Build a Retirement Income Plan With Both Risk and Reliability?

“How much will we need?”

“Will we have enough?”

“What if there’s a major health care, stock market or inflationary event that threatens what we’ve saved?”

I wish there were simple answers to those questions (which are all variations on the same theme, by the way). I guess if I had to pick one answer, it probably would be: “Well … let’s take a look.”

And then I would start asking my own questions.

The aim, of course, is to convert your pile of money (your nest egg) into a reliable retirement income stream that will last as long as you do. But there are two very different strategies – probability-based income planning and guaranteed income planning – that can be used to get retirees to that goal.

And the one that’s the right fit for you may depend largely on your attitude toward risk.