There is no single “best” retirement income strategy—the right approach depends on your preferences, goals, and resources. In this two-part workshop, you’ll learn how the Retirement Income Style Awareness® (RISA®) framework helps identify retirement income strategies that align with your natural decision-making style, giving you greater confidence in your plan. Through practical examples, real-world case studies, and advisor insights, you’ll discover the four RISA styles, the strategies commonly associated with each, and how thoughtful implementation can help turn a good retirement income plan into one that works successfully for your unique situation.

Pre-retirees and retirees want to know whether they are financially prepared for retirement. This requires quantifying financial goals related to your retirement expenses, or liabilities. We will describe lifestyle, longevity, legacy, and liquidity as the four L financial goals of retirement. Retirement assets will fund these goals. We generalize retirement assets as reliable income, the diversified portfolio, and reserves. We compare the value of assets and liabilities by calculating the funded ratio. As part of the workshop, we will introduce you to the new and improved Funded Ratio tool at the Retirement Researcher Academy. We’ll show you how to use the tool to test whether you have sufficient assets to fund your retirement goals, how you may want to reposition assets between different categories, and how robust your plan is to changes in underlying assumptions such as retirement date, essential expenses, inflation, and the real interest rate.