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3 Unexpected Sources of Retirement Income


Planning for retirement means taking steps to ensure that you'll have enough money to cover your living expenses when you're older. Now there are some income sources you probably know you can count on in retirement. First, there's Social Security. Though there's talk of benefits being cut in the future, the program is by no means in danger of completely going bankrupt, and so you should be set to receive some amount of income in your monthly benefit.

Next, there's your 401(k) or IRA. Though you'll need to manage your withdrawals carefully to ensure that you don't deplete your retirement savings prematurely, if you manage to amass a decent sum of money, you'll have some income to look forward to as a senior.

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Source Fool.com


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