In A New View of Retirement , financial advisor James F. Locke introduces a revolutionary yet simple approach to retirement planning that challenges conventional wisdom. While most financial advice focuses on growing assets as large as possible, Locke reveals why this strategy—which works well during your accumulation years—can backfire dramatically in retirement. At the heart of Locke's philosophy is a deceptively simple equation: TR = I + G (Total Return = Income + Growth). During your working years, total return is what matters most. But as you approach retirement, the source of that return becomes critical. By prioritizing reliable income (I) over unpredictable growth (G), you can create a renewable resource that provides steady cash flow regardless of market conditions. Through clear explanations and compelling case studies, Locke demonstrates how investors who continue to focus primarily on growth in retirement may be forced to sell assets during market downturns—a strategy he calls "cannibalizing your principal." In contrast, those who restructure their portfolios to generate sufficient interest and dividends can weather market volatility while maintaining their principal intact. The book offers practical guidance on: Implementing the income-first approach using various investment tools Selecting the right annuities (and avoiding the wrong ones) Optimizing Social Security benefits based on your unique situation Using Roth conversions strategically to manage your tax burden Navigating required minimum distributions without depleting your savings Creating an effective estate plan that protects your legacy Finding a fiduciary advisor who specializes in retirement income Whether you're ten years from retirement or already enjoying your golden years, Locke's approach provides a framework for transforming retirement anxiety into confidence. By shifting your focus from accumulating the largest possible nest egg to generating reliable income, you can ensure your money lasts longer than you do—allowing you to truly live the retirement of your dreams. A New View of Retirement isn't just about making your money last; it's about making your retirement the best years of your life.