6 sources of retirement income

Pension Planning: Retirement Income Sources

Retirement income is a term that describes the money you will receive from your pension plan. It is also known as annuity income and can be made up of a number of sources, including fixed deposits, insurance policies or even proceeds from property investments.

Pension definition

A pension is a regular payment made to you after you retire. It is usually based on your salary and how long you have worked. The payments are usually tax free, so they can help to supplement other sources of income such as savings or investment returns.

There are different types of pensions:

Defined benefit schemes – These were very common in the past but now only around 5% of people are members of them; these provide an assured level of income based on your salary and length of service with an employer or other organisation (e.g., public sector). You may also get inflation

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Sustainable Retirement Income Streams

February 20, 2023November 13, 2023

If you’re like most people in the U.S., you’re probably looking for ways to generate income that will last a lifetime. You’ve probably heard about the importance of having a sustainable retirement income stream. But what does that mean? How do you build one? What’s the difference between an annuity and a pension plan? And why do so many people fail at their attempts to create long-term streams of retirement income without going broke?

The importance of knowing your investment goals

Knowing your goals is the first step to creating a sustainable income stream.

Knowing your goals helps you to set realistic expectations, and can help you plan for the future. It also helps make better investment decisions because it gives you a clear idea of what kind of return on investment (ROI) you’re looking for, which will help determine how much risk is involved in generating that ROI.