Retirement accounts effectively mean you are managing a pension fund of one (or two, if a couple) which means the amortization benefits are absent and all of yo

Retirement accounts effectively mean you are managing a pension fund of one (or two, if a couple) which means the amortization benefits are absent and all of your payout modeling has to be around the worst case. People like us, assuming you are building out a retirement portfolio, would be much, much better off if legal constructs existed that made participation in a pension-like vehicle possible. Annuities as they exist today aren't a good answer due to questions around solvency and (lack of) government backing/enforcement. A pension fund of one or two is very risky and so you need to take a lower withdrawal rate, especially if you find yourself starting your withdrawal in times of very high valuations.