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In this episode of The Money Professor, Chris Longworth discusses the critical aspects of retirement income planning, emphasizing the importance of having a structured income distribution plan. He highlights the psychological barriers that prevent individuals from spending their savings in retirement and the necessity of smart money management skills. The conversation also touches on the role of 401(k) plans, the future of social security, and the importance of financial literacy. Chris encourages listeners to create their own personal pension plans to ensure financial security in retirement. Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.See omnystudio.com/listener for privacy information.