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Baratelli Institute · 2026 Edition

Retirement
Income
Decoded

Turning a lifetime of savings into a paycheck you cannot outlive.
Philip A. Baratelli, CPA, MBA
FLAGSHIP REFERENCE GUIDE · RETIREMENT INCOME

Retirement Income Decoded

THE FOUNDING THESIS

"The hardest financial problem in the world is the one with no second chance: turning a finite pile into an income you cannot outlive."

Saving for retirement and spending in retirement are different disciplines. Every instinct that built the balance — maximize it, ride out volatility, never touch principal — can sink the retiree. This guide reframes the problem and builds the system that solves it: the order assets are drawn, the bracket-filling years before required distributions begin, the Social Security claim worth six figures, the Medicare surcharge that turns on a single dollar, and the survivor's tax cliff almost no one plans for. Written at the depth an advisor needs and the clarity a household can actually run.

24chapters · 100 pp · 7 parts
2026 Edition
10tab Excel workbook
(withdrawal order → worked cases)
4free web tools
(no email gate)

Introductory pricing for first readers. Lists at $349 once the launch window closes.

★ Try Before You Buy · Four Free Web Tools

The companion tools — free, no email gate

Each free calculator answers one piece of the decumulation puzzle the guide works through end to end. Run your own numbers right now from your phone.

Retirement Readiness Score → Social Security Claiming Optimizer → Roth Conversion Stairstep → Roth vs. Wait Trade-off →

All four tools are live and free. No email gate. Each runs the math from a chapter of the guide on your own scenario.

Who this guide is for

The decumulation problem is the same for everyone, but where you start depends on the seat you sit in. The table below routes you to the chapters that matter most.

You are…Start with these chapters
Within 10 years of retiring building the plan before the paychecks stopCh 1 Accumulation→Decumulation · Ch 3 Safe Spending · Ch 5 Withdrawal Order · Ch 7 Roth-Conversion Window · Ch 8 Claiming Social Security
Newly retired turning the balance into a paycheck nowCh 4 Floor-and-Upside · Ch 5 Withdrawal Order · Ch 6 RMDs · Ch 10 Medicare & IRMAA · Ch 16 The Income Calendar
Retiring before 65 bridging the gap to MedicareCh 18 The ACA Bridge · Ch 7 Roth-Conversion Window · Ch 9 Taxation of Benefits · Ch 17 The State Tax Map
A surviving or soon-to-be-single spouseCh 19 The Survivor's Tax Cliff · Ch 8 Claiming Social Security · Ch 10 Medicare & IRMAA · Ch 15 The Ten-Year Legacy
Worried the money won't lastCh 2 The Four Risks · Ch 12 Sequence-of-Returns Risk · Ch 13 Inflation · Ch 14 Long-Term Care · Ch 11 Annuities
A financial advisor, CPA, or planner serving retireesThe whole system · the four worked cases (Chs 21–24) · the 10-tab workbook as a client deliverable
Reading for general retirement educationPart I Foundations · the opening chapter of each Part · then the chapters that grab you

Table of contents

24 chapters across 7 parts, plus a glossary and a page-referenced Index of Terms. A 10-tab Excel workbook companion and four free web tools. 2026 Edition — a complete, practitioner-voiced reference.

PART I · The Decumulation Problem
1From Accumulation to Decumulation
2The Four Retirement Risks
3How Much Can You Safely Spend?
PART II · Building the Paycheck
4Floor-and-Upside: Architecting the Paycheck
5The Withdrawal Order
6Required Minimum Distributions
7The Roth Conversion Window
PART III · Social Security & Medicare
8Claiming Social Security
9The Earnings Test and the Taxation of Benefits
10Medicare and the IRMAA Cliff
PART IV · Protecting the Plan
11Annuities and Guaranteed Income
12Sequence-of-Returns Risk
13Inflation and the Long Horizon
14Long-Term Care: The Largest Uninsured Risk
PART V · The Endgame
15Tax-Smart Giving and the Ten-Year Legacy
16Putting It Together: The Retirement-Income Calendar
PART VI · Deeper Water
17The State Tax Map
18Healthcare Before 65: The ACA Bridge
19The Survivor's Tax Cliff
20Permission to Spend
PART VII · Worked Cases
21Case: The Two-Comma Couple
22Case: Pension, Paid-Off House, Modest Savings
23Case: The Long-Horizon Single
24Case: The Late Starter
Back Matter
GGlossary of Key Terms
IIndex of Terms — every topic with page reference

What's actually in the bundle

1. The reference guide (PDF)

100 pages, 24 chapters across 7 Parts — from reframing the decumulation problem, to building the tax-aware paycheck, to Social Security and Medicare, to the risks a spreadsheet average hides, to the legacy and the calendar that runs the whole thing. Every chapter ends with Key Takeaways and a "Put it to work" fill-in area — the write-on lines, checkboxes, and tables that turn the reading into a plan. The 2026 figures are presented in the chapter that discusses each topic, so the reader never flips to a back appendix. Glossary plus a page-referenced Index of Terms. Single-user license.

2. The companion Excel workbook (XLSX)

Ten tabs that turn the guide's methods into working models: a Start Here map, then Withdrawal Order, RMD + Roth conversion, Social Security claiming, the IRMAA cliff, Floor-and-Upside, Sequence-of-Returns stress, the Survivor Tax Cliff, LTC self-insure math, and the four Worked Cases. Enter your own numbers; the models do the arithmetic the chapters describe.

3. Four free interactive web tools (no email gate)

Retirement Readiness Score · Social Security Claiming Optimizer · Roth Conversion Stairstep · Roth-vs-Wait Trade-off. Each runs in the browser on your scenario, and each pairs with a chapter and a workbook tab.

4. Companion architecture — guide ↔ workbook ↔ tools

A "System at a Glance" front-matter map shows the chapter / workbook / tool wiring at a glance, so the three pieces work as one system rather than three separate downloads.

Plus: Library cross-references

Composes with the rest of the shelf — Tax Strategy Decoded (bracket management, NIIT), the IRA guide (account architecture), Estate Planning Decoded and Trust Administration (the ten-year rule and the legacy), and Insurance in Plain English (the long-term-care decision). The library is built to compose, not to upsell.

How to buy

One bundle. Introductory pricing for the first readers.

Retirement Income Decoded is sold as a single bundle — the guide, the workbook, and the free tools together. There is no à-la-carte breakdown and no upsell at checkout. The introductory price is the Institute's way of thanking the readers who buy early and leave the first reviews.

After launch
List price
$349
  • The same complete bundle
  • Guide + workbook + four free tools
  • Single-user license
  • Free updates for 12 months
The $349 anchor is the standing price the bundle returns to once the introductory window closes.
Always free
Try before you buy
$0
  • Retirement Readiness Score
  • Social Security Claiming Optimizer
  • Roth Conversion Stairstep
  • Roth-vs-Wait Trade-off
The four web tools stay free forever. Run your numbers, then decide whether the full system is worth it.
✓  30-day money-back guarantee
Walk into your next advisor or Medicare-enrollment conversation already fluent in the numbers and the moves — a more informed partner to the professionals you work with, and clear-eyed on the cost of getting a big decision wrong. If it isn’t worth many times what you paid, take the refund.

Retirement Income Decoded — The Practitioner's Manual for the Decumulation Years

$99 $349 Introductory price · 100-page PDF (2026 Edition) + 10-tab Excel workbook + four free web tools
Every chapter has been read against three working questions: would a financial planner use this with a client on Monday morning, can a household run it without a finance degree, and does it tell the truth across a 30-year horizon. The current edition reflects every change those reads produced.
Buy — opens at launch

Checkout opens when the guide goes live. Email me at launch →

About the author

PB

Philip A. Baratelli, CPA, MBA — Founder, Baratelli Institute. Ponte Vedra Beach, Florida.

Three decades in operating finance and M&A (a CPA since 1995). The guides in this library are the references he wished existed when he was doing the work.

Companion tools for Retirement Income Decoded

Four free tools run the math from the guide on your scenario. No purchase required.

Educational use only. Not investment, tax, or legal advice; not a substitute for a financial planner, CPA, or attorney who knows your situation. All 2026 figures change regularly — confirm the current year against IRS, Social Security Administration, and CMS sources before relying on any number.

Educational references and tools — not legal, tax, accounting, or investment advice, and not a recommendation to buy or sell any security. Consult a qualified professional about your specific situation. © 2026 The Baratelli Institute.