Approaching or in early retirement
The window where Social Security timing and an income floor still change the decade.
Approaching retirement or already in it. Enough assets that running out would be a planning failure. A preference for a known paycheck over a hoped-for average.
The window where Social Security timing and an income floor still change the decade.
Enough that the job is design, not earning. Not so much that sequence and longevity can be ignored.
You would rather know the bills are covered than chase a maximum portfolio number.