Pensions are becoming a thing of the past. If you have one, you are extremely lucky. When I analyze a retirement plan, sometimes it’s helpful to create a pension check using some assets.

It’s possible to create guaranteed income for both spouses from one individual IRA.  I run numbers to determine if it’s best to invest the money or invest funds with a guaranteed income option.  It’s best to get the facts and let the facts help you make the important decisions.  It’s an interesting process and can be somewhat unpredictable.  The critical part of retirement planning is to be certain that you don’t run out of money.  Some folks want to leave a legacy, others don’t.  Your goals are an important part of the process.