It's time to layer our retirement income. We start with our "needs," which we cover with bonds, pensions, and social security.
Next, we add in our "wants." We can build a stream of dividend income to go out to restaurants, buy clothes, and do some traveling.
Finally, we can finance our "dreams" with options trading income. Some of our dreams may include traveling overseas, taking cruises, and giving gifts to our grandkids.
By using these three layers, we can preserve capital, grow wealth, and generate income, all while living below our means. Life is good.