Roughly 3 out of 4 workers cite Social Security as the primary source of income in retirement, according to Transamerica. At the same time nearly half of American workers fear Social Security will be reduced or cease to exist by the time they retire. (It won’t.)
However, Social Security alone probably won’t be enough to see you comfortably through retirement. Having multiple income streams is the smartest play for retirees. Lean on a mix of a pension, if you’re among the fortunate few to have one; a 401(k) from your job; your own IRAs, either Roth or traditional; and the aforementioned annuities that can provide either lump sums of cash or steady payouts, depending on the type of annuity you choose.
Just as we tend to bundle up in winter, wearing lots of layers in order…
As the world’s largest retailer, Walmart boasts a massive selection on everything from staples like…
No matter what type of budget you’re working with, there’s a chance you’re overspending on…
You may want to spring clean your house, barn, garage or attic because these ordinary…
Not everyone likes getting old, but that doesn’t mean we can’t take advantage of it.…
The round of tariffs imposed on some $200 billion worth of goods imported from China…