Jul 14, 2026 · 12 min · 9 segments
You’ve spent decades building your retirement savings—but do you know how that money will turn into a paycheck? Catherine Gross discusses why income planning is one of the most important parts of…
Catherine GrossGuest
Randy CookHost
Catherine, it is interesting to me when you start to think about how much money baby boomers have saved for retirement.
But you know, one of the things that retirees or people getting ready for retirement are always worried about, and that is running out of money.
So you would think that that would be their priority when it comes to sitting down and planning for retirement and how their investments are placed.
According to this article, only 2% of that $50 trillion has been dedicated to protected income, getting you paid in retirement.
Does that shock you, Catherine? Because I know, uh, we come in with these 401[k]s, but 401[k] doesn't do much for you when it comes to developing a paycheck, does it?
You know, I think, you know, when people are kind of approaching retirement, they're so focused on the accumulation phase-
... how much they can tuck away for retirement that they don't start to plan for the distribution phase.
Um, as stage two fiduciaries, that's something we specialize in, is kind of the, the distribution phase of life.
And then now you're approaching retirement, you know, you might need to see an orthopedic or a cardiologist, you know, 'cause they specialize with different issues that, you know, people working and in their, your accumulation phase don't need to worry about.
Catherine, it is interesting to me when you start to think about how much money baby boomers have saved for retirement.
But you know, one of the things that retirees or people getting ready for retirement are always worried about, and that is running out of money.
So you would think that that would be their priority when it comes to sitting down and planning for retirement and how their investments are placed.
According to this article, only 2% of that $50 trillion has been dedicated to protected income, getting you paid in retirement.
Does that shock you, Catherine? Because I know, uh, we come in with these 401[k]s, but 401[k] doesn't do much for you when it comes to developing a paycheck, does it?
You know, I think, you know, when people are kind of approaching retirement, they're so focused on the accumulation phase-
... how much they can tuck away for retirement that they don't start to plan for the distribution phase.
Um, as stage two fiduciaries, that's something we specialize in, is kind of the, the distribution phase of life.
And then now you're approaching retirement, you know, you might need to see an orthopedic or a cardiologist, you know, 'cause they specialize with different issues that, you know, people working and in their, your accumulation phase don't need to worry about.
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