Intro to Retirement
Overview
Retirement means more free time, the ability to pursue your dreams, and the end of work. Sounds great! But retirement means the end of something else, too: a regular paycheck. That can be a challenge now that people are living longer than ever before—and that your retirement might last nearly as long as your time in the workforce did. With a bit of planning and self-discipline, though, you can make sure you have enough income to support yourself throughout the retirement phase of your life.
Which of the following is NOT a common source of retirement income?
An IRA
A 401(k)
Social Security
Home equity
What percentage of U.S. Citizens have a traditional pension plan?
80%
60%
40%
20%
How much does the average person receive in Social Security benefits?
$4,300 a month
$2,800 a month
$2,000 a month
$3,200 a month