You’ve accumulated what seems like a sufficiently sized nest egg coming into retirement. The next step is to figure out how to get your money out of it. At first blush, the answer seems simple: Buy income-producing securities – bonds and dividend-paying stocks –and call it a day. When yields are higher, so is your payday; where they’re lower, you have to get by on less. If you have a principal during your lifetime; the money then can pass to kids, grandkids, or charity. That’s certainly one way to do it, but it’s not the only retirement spending strategy out there. To home in n the right one, retirees need to consider two sets of questions: first, the extent to which they’re comfortable with a fluctuating payday and, second, whether they want their paycheck to come from income alone or other sources as well. To arrive at the best decision for you, it makes sense to consider each of the following decisions one by one in full consideration of the pros and cons.