Understand the difference between income and wealth in retirement. Retirees focus on their nest egg. They should. But more important than their nest egg is their income. The income-producing value of money changes all the time. In 2000, a $500,000 CD portfolio would have paid you $2,000 in monthly income. Fifteen years later, it took $8,000,000 in CDs to produce the same $2,000! Focus on Income “In retirement, it's your income, not your wealth, that creates your standard-of-l