A retirement income strategy is a plan for turning your retirement savings into a reliable stream of income after you stop working. It coordinates withdrawals from investments, Social Security, pensions, and other income sources to be sustainable and tax-efficient. A well-designed strategy also considers market risk, inflation, and the timing of withdrawals from different accounts so your savings can support your lifestyle throughout retirement. Having a clear retirement income strategy can make financial decisions easier and provide greater confidence as your retirement unfolds.