How to create retirement income that is driven by cash flow

As the U.S. economy teeters on the brink of recession, you may be wondering how you can build a retirement income portfolio that will stand the test of time. Like many other pre-retirees or retirees, you’ve probably been spooked by the stock market in 2022.

If your retirement income strategy includes annual withdrawals from your investment portfolio to fund your lifestyle, a stock market decline like this could negatively impact you. This is because withdrawals in addition to market declines can permanently damage your nest egg. This may mean cutting back on your lifestyle so you don’t run out of money.

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