Many retirees don’t set up a retirement income plan, and that oversight often comes back to hurt them. Fortunately, you can get a good handle on this by answering two questions and taking six steps.

The general tax rules for income recognition under an accrual method of accounting were changed in the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which added new Secs. 451(b) and (c).