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Retirement Income Streams
Retirement Income Streams
1. Understanding Different Income Streams a. Pensions: Pensions provide retirees with a regular income, either monthly or as a lump sum. The amount is typically based on the employee's salary and years of service. It’s crucial for retirees to understand their pension plans, payment schedules, and any options for survivors or beneficiaries. b. Annuities: Annuities...
