10.4 Estimating retirement income

In this section:


A couple projects successfully setting aside enough for their retirement.

Most people put together their retirement income from a variety of sources: pensions, savings, annuities, sale of their home, and so on. In this section, you will read a case study showing how one woman calculated her retirement income, and you’ll estimate your own. In it, you will:

  • determine all the sources of retirement income you will have
  • use a worksheet (or on online calculator) to estimate how much income you will get from each source
  • learn how a financial professional can help you plan your retirement finances, and how to find a qualified planner.

By the time you finish this section, you will have a better idea of how well your pensions and savings will cover your retirement needs, and how to supplement your income, if necessary.

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