Retirement Income
Retirement income refers to the financial resources an individual has available to support themselves during their retirement years. It encompasses various income sources, such as: * Social Security benefits: Government-sponsored payments based on contributions made during one's working years. * Pension plans: Employer-sponsored retirement plans that provide regular payments upon retirement. * 401(k) and IRA accounts: Tax-advantaged investment accounts where individuals save for retirement. * Annuities: Contracts that provide guaranteed income streams for a specific period...
Related Topics
Related Topics of Retirement Income