We can’t guarantee positive outcomes, she says, but, “We can increase the odds that things will work out.”How so? If you use her framework, she suggests you may discover that traditional approaches are riskier than you might have thought. One such approach is to invest as much as you can, and, once you retire, draw out a fixed amount annually. “A predictable salary, like the one you earned when you were working, should be the goal of your retirement fund. Most workers wouldn’t accept a salary that varies with stock prices — why should retirees?”You can gain certainty by buying a fixed annuity.

Source: New York Times April 12, 2019 10:41 UTC