Conservative Income Construction

The Conservative Portfolio That Never Keeps You Up at Night

Most retirement income portfolios fail in one of two ways: too conservative (not enough income) or too aggressive (too much NAV risk). The Risk Spectrum Constructor gives you exact tier allocations for the income you need at the volatility you can sustain.

The Portfolio Construction Problems Retirees Face

No Framework for How Much Risk Is Right

Every advisor says 'it depends.' The Risk Spectrum gives you a concrete, tier-based answer based on your income target and drawdown tolerance.

High-Yield Holdings Without Size Limits

Tier 5 without a position cap will erode a retirement portfolio. The model portfolios show exactly how much exposure is appropriate at each risk level.

Income That Doesn't Keep Up With Inflation

A purely Tier 1-2 portfolio may not generate enough income. The Tier 3 additions in the Conservative Model add 1.8% yield without meaningful NAV risk.

What's Inside

Chapters marked Most Relevant are specifically applicable to your situation.

1
Risk Spectrum PhilosophyMost Relevant

Why systematic tier-based construction outperforms intuition-based picking.

2
Tier 1: Cornerstone HoldingsMost Relevant

SGOV, BIL, T-bills — the foundation every income portfolio needs.

3
Tier 2: Yield Plus

SCHD, VIG, DGRO — dividend growth with capital stability.

4
Tier 3: Sector Specialties

REITs, BDCs, MLPs — higher yield with understood structural risks.

5
Tier 4: Volatility Harvest

JEPI, JEPQ, SPYI — covered call income at managed volatility.

6
Tier 5: High Octane

Single-stock synthetics — position sizing rules and total return reality.

7
5 Model PortfoliosMost Relevant

Conservative (Tier 1-2), Balanced (Tier 1-3), Income (Tier 2-4), Aggressive (Tier 2-5), FIRE Bridge (Tier 3-4).

8
Rebalancing Rules & Monitoring

When to rebalance, what triggers a tier reassignment, quarterly review cadence.

6.8% yield, 0.3% NAV change

The Tier 1-3 Conservative Model Portfolio averaged 6.8% yield with 0.3% annual NAV change over 3 years — income without principal erosion.

Is This Guide Right for You?

This guide is for you if...

  • You rely on portfolio income to cover living expenses in retirement
  • You want exact allocation percentages, not vague guidance
  • You've wondered how much Tier 3-4 exposure is appropriate for your situation
  • You want a quarterly review system that tells you when to rebalance
  • You prioritize protecting principal while generating sufficient income

This guide is NOT for you if...

  • You're in the accumulation phase and won't draw income for 10+ years
  • You want a pure growth portfolio with no income focus
  • You already have a rigorous tier-based construction process
  • You're looking for individual stock picks, not a portfolio construction framework

Build the Conservative Income Portfolio Your Retirement Requires

$99

One-time purchase. Instant download. No subscription.

Get the Constructor
Secure checkout via Stripe

Secure checkout creates access to the purchased guide PDF for download.

Not Ready to Buy?

Get the free weekly DivAgent Letter. NAV reality checks, distribution autopsies, and a new ETF tier each week. From the desk of the editor.