| “Here’s the retirement income plan Beth built.”
Beth retired in 2003 at age 61. Over the years, she has diligently saved for retirement. Right now, 25% of her retirement income comes from her employer’s pension and 20% comes from Social Security. The other 55% needed to pay for her retirement years comes from personal savings. She has money socked away in a 401(k), an IRA, stocks, CDs, and cash. Here is how Beth allocated her funds in the first year of retirement. |