If you are getting ready for your retirement, you have to tackle the problem of securing a long term, low volatile cash flow, while keeping your assets intact. 

This is a problem posted to me many of times.

My solutions is that if you invest in a portfolio of equities and bonds, you have to live with the volatility. However, if you build up your competency, you could safely withdraw 3 to 3.5% of your wealth, and adjust your spending systematically. (do read this further in my retirement planning / financial independence preparedness section)

If this is too much for you, a retirement plan, or an anticipated whole life plan might be helpful. 

Yesterday, one of my readers was asking me about this whole life plan Infinite Harvest by China Taiping Insurance Singapore. This product, I feel targets the affluent, but probably is something that the emerging affluent would take