Anecdotally, retirement finances formerly were based on a “three-legged stool.” After people stopped working and no longer had earned income, their cash flow would come from Social Security, personal savings, and a pension from a former employer. This pension would have been a traditional defined benefit plan, paid out for the retiree’s lifetime and perhaps for that of a surviving spouse.
- Seeking a Stable Retirement
- Foreign Stock Funds Can Be Doubly Taxing
- Automatic Enrollment Retirement Plans
- Tax Calendar