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Michael Kitces is a partner and the director of research for Pinnacle Advisory Group, and publisher of the financial planning industry blog Nerd's Eye View. Follow him on Twitter at @MichaelKitces.
Income from corporate and risky jobs can yo-yo like stocks, while paychecks from tenured or government jobs behave more like bonds.
A withdrawal policy statement can help retirees manage income distributions dispassionately when market fluctuations might spur rash decisions.
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