Retirement Mathematics 101: How Much Will You Need?
Denise Arand
West Coast Vice President ? Financial Education on How to Accumulate Wealth and Secure Your Retirement
Have you ever wondered how someone could actually retire?
The main difference between a strictly unemployed person and a retiree: A retiree has replaced their income somehow. This can be done in a variety of ways including (but not limited to):
- Saving up a lump sum of money and withdrawing from it regularly
- Receiving a pension from the company you worked for or from the government
- Or an annuity you purchased that pays out an amount regularly
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