The following was commented by Frank Armstrong on the Yahoo Finance article “Retirement: How long will your money last?”, to read this article please click here.
An income solution is a total loser in an extraordinarily low interest rate environment. By focusing on income rather than total return the investor produces higher risk, lower return than he/she should otherwise be able to generate. Everything we have learned about finance points to the total return policy as being superior.
For more on generating reliable income over the long haul see: