The defined contribution retirement plan market is extraordinarily successful in encouraging employees to save for retirement. However, the system falls short in helping participants navigate the daunting decumulation phase long after they leave the workplace. Many retirement plan providers, investment managers, plan sponsors, advisors and regulators have been experimenting with different retirement income solutions for years. But the industry has yet to reach a consensus on the best decumulation approach—assuming there is one “best” solution at all.