The convention suggests that when you are somewhere around the point of retirement, you should think about and execute “planning your retirement income”. This is a great example where language and how something is described (in terms of words or a title) can be unhelpful.

Retirement Income Planning is a straightforward, uncomplicated exercise. However, that is not what most people in this position need. They need to work out how to decumulate, which is a completely different thing. And decumulation is complex, quite unlike anything you will have dealt with before.