Going through the process of creating an income plan for your retirement does not mean you are done when the numbers on paper meet your immediate expectations. A successful plan depends on regular analysis and adjustments. Both might be required either because your goals change, or the world shifts.

That is the benefit of an income allocation plan over other types of planning.

When I wrote an article called Don’t Bet Your Retirement on Monte Carlo Models, I suggested reliance on safe sources of income including annuity payments, and a modest outlook on the market to avoid huge ups and downs that you cant control.