I am a recently retired aerospace engineer. I obtained my Bachelor of Engineering degree from Institute of Technology in India and my Master of Engineering from Carleton University in Canada. For most of my career, I have worked on the design and development of aircraft engines. I do not have any professional background in the finance industry but have been dabbling in it for almost 30 years, primarily in stocks and stock options. My focus now, however, is on income producing stocks and mutual funds and how best to balance the risk and reward associated with these investments. I currently have significant, at least for me, investments both within my 401K and my personal account that I am managing myself with the objective of providing some income that will supplement my government and company pensions not only now but well into my retirement. I plan to write about this in a plain and simplified narrative that I believe may be of some interest to other recent or future retirees like me.