Innovative retirement solutions are not easily developed or understood. Retirees have a small margin for error and may be hypersensitive to losses, so they need approaches that focus on downside risk and adapt as goals, risks, biases, wants, and markets change over time. Learn how to redefine risk and capture investor psychology. Risk and cash flow will be addressed as well as managing a portfolio using acceptable annualized erosion rates and building a buffer of earnings. The ability to see the obvious is a recurring theme and the key to retirement income solutions.