The Brookings Institution’s Retirement Security Project suggests that managed-payout funds might be the Goldilocks option between lump sums and annuities. This podcast (6:44) notes that Brookings’ policy wonks are proposing very much the sort of retirement portfolio that many financial advisors seek to put in place – a growth portfolio, a monthly paycheck, an emergency fund and longevity protection. Learn more about your ad choices. Visit megaphone.fm/adchoices