The 10 Most Common Ways Americans Generate Retirement Income Outside Social Security
Briefly

from 24/7 Wall St.4 months ago
According to a Nationwide Financial Survey, over four-fifths of people will have additional retirement income alongside social security, including 401K, pensions, and inheritances.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/28/the-10-most-common-ways-americans-generate-retirement-income-outside-social-security/
Retirement accounts like 401Ks and IRAs are the primary income source, expected to provide income for at least 52% of retirees through investments.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/28/the-10-most-common-ways-americans-generate-retirement-income-outside-social-security/
Savings accounts are also beneficial, as 49% of surveyed individuals anticipate generating income from these low-risk, FDIC-insured accounts during retirement.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/28/the-10-most-common-ways-americans-generate-retirement-income-outside-social-security/
Pensions remain crucial for many professions, offering guaranteed annual income to 29% of retirees surveyed, supplementing other income sources.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/28/the-10-most-common-ways-americans-generate-retirement-income-outside-social-security/
Read at 24/7 Wall St.
#retirement-income #financial-planning #401k #pensions #savings-accounts
[
|
]