That's a lot to ask for a portfolio, thus the introduction of Retirement Income Funds.
These funds enable you to choose one that can provide the right amount of annual income for your needs, invest enough of your assets to generate that income, then sit back and collect a regular payment every month without worrying about what investments to buy and sell or how much cash to draw from your portfolio.
In next blogpost, we will look at the advantages of these retirement income funds.