Where will your retirement money come from? If you’re like most people, qualified-retirement plans, Social Security, and personal savings and investments are expected to play a role. Approximately 50% of Social Security recipients have income from other assets.1 Traditional pension plans cover about 30 percent of adults born in the 1940s and 1950s, but they are expected to cover only 11 percent of adults born in the 1980s.2 Once you have estimated the amount of money you may need for retirement, the next step involves taking a close look at your potential retirement-income sources.
- Friedberg, Barbara A., “Are We in a Baby Boomer Retirement Crisis?” Investopedia, September 26, 2016, http://www.investopedia.com/articles/personal-finance/032216/are-we-baby...
- Brandon, Emily, “Five Baby Boomer Retirement Trends,” U.S. News & World Report, February 12, 2016, http://money.usnews.com/money/blogs/planning-to-retire/articles/2016-02-...