A Bigger Portfolio or a More Reliable Paycheck?
Would you rather have a bigger retirement portfolio—or know where next month’s spending money is coming from? More wealth can be valuable, but portfolio size and income predictability are different objectives.
Jean follows two hypothetical 65-year-old retirees. Robert starts with $2.2 million and Michael with $2 million. Both spend about $96,000 a year ($8,000 a month) and receive around $48,000 a year from Social Security. That leaves a $48,000 annual gap, or $4,000 a month, to fund.
Robert may be financially stronger. Michael may have a more predictable spending arrangement. There is not…
The skinny
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