The flooring approach is a retirement strategy that uses guaranteed income sources, like Social Security, pensions, or annuities, to cover essential expenses. This creates a stable “floor” of income ...

Income-centric approaches for generating retirement income are a steady source of income, however, this may be volatile depending on interest rates. A portfolio with a total return approach for ...

Over the last few decades, anyone who is moving into a midset of retirement planning has been fixated on one thing and only ...

Christine Benz, Morningstar’s director of personal finance and retirement planning, recommends the hybrid approach. “The idea here is that you’re kind of splitting the difference between the two ...

At 60 years old with $2 million saved, you can safely say that you are in a good position that most people will never reach. At this point, the question in your mind should shift from whether you have ...