Where Might the Money Come From?
In This Chapter
• The importance of personal savings
• Pensions and other workplace programs
• Social Security
• Life insurance and annuities
• The importance of a broad plan
Up to this point, we’ve discussed at some length the importance of having sufficient funds to live the sort of retirement you wish. No getting around it—money’s an important element to retirement, no matter how frugally you plan to live.
But just as important is the issue of sources—put another way, where will the money come from and where will you keep it as you prepare for retirement?
In this chapter, we’ll introduce you to a variety of retirement funding vehicles. We’ll provide a quick overview of their various features, ...