text:  When the reality is, there's only two places your money can go. It can either be spent by you or it can be passed on to others. To me, the most important question to ask at the beginning of the retirement income planning process is, of your nest egg, how much do you want to pass on to someone else and how much do you want to spend? And with the portion that you want to spend, let's feel comfortable seeing the balance fall over time in order to meet your lifestyle goals.