One of the greatest milestones people achieve is retiring from a satisfying career. The reward is time for hobbies, travel, volunteer work or whatever else has been put off until retirement. But when there's finally enough time to pursue your dreams, will there also be enough money? It's never too early to think about how you want to spend your Golden Years. Likewise, you must think about how you're going to fund them.
Here's a checklist of some of the most recognized retirement income sources. How many will you have when you need the income they can generate?
Alone, it's unlikely any of these resources will provide the standard of living you want during retirement. But some combination of them can provide you with secure, steady income. Talk to your advisor or agent about creating a comprehensive retirement income plan.
