Framework
 
Here’s a useful way for conceptualizing what’s involved with Retirement Income.  It’s not the only valid model, but it’s one that we have found useful over the years, and the one we had in mind when we designed the content and layout of this site.
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• Foundational Principle:  The job of accumulating retirement savings is different from the job of using those ​savings to produce an ongoing income. 

 
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• The Four Truths: 

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1. Most people do not have an adequate/complete plan for how they will manage their assets and generate ongoing income after they retire.
2. The world of possible investments is made up of more than just stocks and bonds.
3. Broker-dealers are able to efficiently handle the distribution of some kinds of investments better than they can others; and it isn’t reasonable to expect brokers to be experts on things they can’t/don’t sell.
4. The insurance industry has done a good job of designing products which effectively address most of the major risk factors which are common to most retirees.  Calibrating the right mix of those products can admittedly take some effort; but ignoring the possibilities altogether is a mistake.  

• Action Steps

 

1.  Make a plan.  YOU make a plan.  No one else knows what you want as well as you; no one will know if all of your goals and concerns have been addressed as well as you.
2. If you don’t know how, learn.  Our materials will give you a solid foundation – and they are COMPLETELY FREE to use.
3. Look at how your resources are currently deployed.  If they aren’t positioned to support what you want to accomplish, move them.
4. Look at the risks you face, and the defenses you have in place to protect against them.  Where you are still vulnerable, consider making changes or adding more defenses.
5. Once everything is properly set up, monitor and adjust as time goes by, using your plan as guidance for ​what to do.