The flooring approach is a retirement strategy that uses guaranteed income sources, like Social Security, pensions, or annuities, to cover essential expenses. This creates a stable “floor” of income ...

As rising living costs and prolonged pressure on traditional income sources continue to reshape retirement planning, a growing number of U.S. retirees are reassessing how they generate income after ...

Christine Benz, Morningstar’s director of personal finance and retirement planning, recommends the hybrid approach. “The idea here is that you’re kind of splitting the difference between the two ...