Generally speaking, stock brokers, money managers and most investors are hard-wired to seek growth. Appreciation of stocks and one’s portfolio seems to be priority #1.
But when it comes to producing INCOME from those assets, a whole new set of skills is needed. There are different tools, different risks, and different objectives. Asset accumulation is NOT income optimization.
You need a different set of skills to pursue income maximizing strategies. Moving from accumulation to decumulation – the orderly draw-down of assets – can be aided by a retirement INCOME expert.
In my book, How to Turn a Lifetime of Savings into Income for Life, I detail several different kinds of retirement income strategies available, and how they address the range of risks one may face in retirement. To get your copy, go to the top of the page and on the right hand side you can request one be emailed or mailed to you.