First of all what is the retirement income. There are two ways to look at it the first income is the total amount of income which you have saved for the retirement and then the other is the total amount of money that you will receive in future from the dividend or the interest of the CD’s. Both of these constitute the retirement income. The retirement is not easy to mange as you want to make sure that the principal amount remains secured and you have the interest will make sure that your expenses on a day to day basis are covered.

As part of the initial thing that you should do is to have a closer look at the investing options that are more likely to have a safer principle and that will mean varying your asset location mix. That has been said over and over gain that there is nothing which is can be safe but yes stocks are more volatile and that is why make sure that you invest in the stocks of very safe companies or you start investing in the bonds and the certificates of deposit.

However the best option nowadays when you are trying to protect your retirement nest egg is to invest in two special mutual funds which are the Fidelity mutual fund and the Vanguard mutual fund. Both of these companies have the special mutual funds which are designed with the payout and the management of the retirement income. These funds are known as replacement fund where by they replace your regular monthly income with the retirement income. These various funds offer whereby you can get a monthly payout and you do not feel the loss of a regular income.

This is one thing that should be very encouraging then is you do not need to mange your retirement income actively. The other are the deferred annuities but I think these will come in later than the mutual fund that I have suggested above. These deferred annuities are very costly plans and hence while investing make sure that you absolutely want to do these.

Again I should say that you have a zero risk tolerance the best option for retirement income investing are the certificates of deposit and these are guaranteed by the FDIC and hence you have reason to fear

Another option is the retirement income fund and these funds are known to be similar to the term deposit with a specific tenure and these will be able to get you good returns on your retirement money. The main thing to note is that is in every type of retirement income option there are risks and potential, chances of losing your entire principal. That is why asset allocation strategy works best. It again also ties back to your age. At the age of 65 you can still invest some amount in stocks but at the age of 85 I would suggest that you not even look at stock market index.