Sequence of Returns Risk: The Retirement Threat That Average Returns Cannot Warn You About

Michael Trefel

Published on: 09/07/2026

Two families. Same portfolio. Same average return over 20 years. One runs out of money at 79. The other never does. The difference is sequence of returns risk, the retirement threat nobody explains clearly until it is too late.

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Retirement Income Planning: The Question Nobody Asked You for 30 Years

Michael Trefel

Published on: 16/06/2026

Most retirement plans are built around accumulation. Almost none are built around income. This post breaks down the retirement income planning framework that ensures your money lasts, and the three income streams that make it possible.

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