“Well done is better than well said.” —Benjamin Franklin Investors are often on the lookout for improved and more sensible ways to invest and manage the family nest egg. I favour adopting the thinking and investing ways of pension plan managers. They are skilled at delivering reliable monthly pension income for decades to come. Every investor’s objective is to create a “pension style” retirement nest egg: that is, a series of dependable portfolio draws that outlast the family. Let’s turn to pension plan practices for some portfolio guidance. Investors too can reap lasting benefits from the pension plan approach. I adopted the “pension style” management system long ago. Unlike most investors, pension managers focus first on their policies and strategies. Then they attend to making the investment selections that fit their well thought out plan of action. They have been following this simple, effective, well-reasoned approach for ages.…