If you are retired or seriously thinking about how to finance your retirement years, study the information in this appendix.
When you reach retirement, four major decisions will determine the bulk of your financial future. This appendix is about two of those decisions.
• How much income do you need or want from your retirement portfolio?
• Do you need a fixed stream of income you can count on, or can you tolerate cash flow that goes up and down depending on the success of your investments?
You may have saved for decades and invested your money carefully. But when the money must start flowing in the opposite direction—from your portfolio to you—you are suddenly faced with a whole new set of challenging ...