Retirement sources of income have often been compared to a three-legged stool. The first leg of that stool is Social Security. The second is your employer’s pension plan. And the third is your personal savings.
Category: Money Management
Retirement sources of income have often been compared to a three-legged stool. The first leg of the stool is Social Security. The second leg is your employer's retirement plan. And the third leg is your personal savings. How much you depend on the third leg depends on the strength of the other two. The strength of each leg may change, and then you'll need a new plan of action to reinforce the retirement stool.
Congratulations, you’ve put in the hard work and graduated from college! So what’s next? Finding a place to live, starting a new a job or purchasing a new car? If it’s not already on your list, getting your financial house in order is a great place to start off in order to afford all of those items on your wish list. After all, if you fail to plan, you plan to fail.