Four Steps to Secure Your Retirement Income

Instead of relying on selling stock to fund your retirement, consider these actions to safeguard your retirement income.

The back view of a construction worker wearing a safety vest and holding a construction helmet
(Image credit: Getty Images)

Editor’s note: This is part three of a three-part series that takes a look at planning for retirement during the “fragile decade” — the five years before you retire plus the first five years of your retirement. Part one is In Retirement Planning, Consider the Entire Journey. Part two is Goals-Based Retirement Planning Is All About You

When it comes to withdrawing from your portfolio, many retirees fear that their cash flow might run out before they do. As illustrated in part one of this series, relying on stock sales to meet retirement expenses can be risky, especially during a market downturn early in retirement. 

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Cosmo P. DeStefano
CPA (retired), Financial Author and Strategist

Cosmo P. DeStefano is a retired CPA and tax partner who spent over three decades with one of the largest professional services firms in the world, PricewaterhouseCoopers. He has consulted with clients big and small, public and private, across a wide variety of industries, helping them solve intricately complex business and financial issues. Cosmo is also an award-winning author. His book “Wealth Your Way: A Simple Path To Financial Freedom” has garnered numerous accolades.