How will you “get paid” when you quit work? What does “retirement” even mean to you? Where will your retirement money come from?
If you’re like most people, from 401(k) and profit-sharing plans, Social Security, personal savings and investments. Maybe you are also covered by a traditional pension plan through work. Once you have estimated the amount of money you may need for retirement, a thoughtful approach involves taking a close look at your potential retirement income sources.