retirement income
Elderly financial support
Retirement income is money received after leaving the workforce, typically from pensions, Social Security, investment accounts, or savings accumulated during working years.
The term encompasses all sources of funds that replace employment wages for retirees.
Their retirement income comes mostly from a 401(k) and Social Security benefits.
Financial planners often advise ensuring retirement income will cover living expenses without depleting savings too quickly.
- pensionsOngoing payments after employment
- annuitiesPeriodic fixed payments
- Social SecurityFederal old-age insurance program
- budgetingAllocating funds systematically
- superannuationRetirement savings scheme
defined benefit · survivor benefits · asset allocation · dividends · nest egg · rainy day fund · financial planning · tax optimization · part-time work · decumulation · spending down · estate planning · royalties · Medicare · 401(k) plans · tax credits · inheritance · savings
- retirement savings403b, 401(k), 401k, pension fund, pension pot
- retirementretire, retirees, retiree, pension plan, pension
- incomesalary, earnings, wages, pay, net earnings
- retirement planning401(k), IRA, pension, pension fund, nest egg
- tax terms1040, W-2, 1099, W-4, tax refund
- annuitiesannuity, annuitant, annuitization, payout options, periodic payments
retirement incomeearned income
Pay from work
salary · wages · employment income · paycheck · active income
retirement incomeretirement savings
Money reserved for post-career
401k contributions · pension contributions · wealth accumulation