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Just like climbers face avalanches and oxygen deprivation in the "death zone," retirees face the dangers of market volatility, sequence of returns risk, and unexpected expenses in the "retirement death zone."

The key is preparing for a successful descent. RMDs can be a powerful tool, allowing you to strategically draw down your portfolio based on both its performance and your remaining lifespan. However, this path is fraught with volatility, like the unpredictable weather patterns on Everest's slopes.

Annuities offer a safer route, providing guaranteed income for life – a reliable oxygen tank for your financial journey. But this stability comes at a cost, potentially limiting your financial legacy. The right path for you depends on your risk tolerance, your income needs, and your goals for the future.