For clients who want minimal equity market risk in generating retirement income, the dominant options are building a bond ladder or purchasing a lifetime annuity.

The bond ladder is one of the most straightforward income strategies to give a client cash flow in each year of retirement. Just buy a series of bonds that will mature for the desired amount of spending in each year of retirement. Ideally, the payments are secured to an advanced age in case the retiree lives that long.

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