1) What types of income can you use in retirement to support yourself?
Answer: You can use Social Security benefits, pension payments, personal savings and investments, withdrawals from retirement accounts (like 401(k)s and IRAs), part-time work, and annuities.
2) Social Security defines the full retirement age as 67 for those born in 1960 or after. Does this surprise you? Why or why not?
Answer: Some people are surprised because it’s higher than earlier generations, but it makes sense due to longer lifespans and funding needs.
3) While most Americans want to retire, the unfortunate reality is that many don’t have enough saved up to do so. Why do you think this is?
Answer: People may have high living costs, not enough time or money to save, unexpected expenses, and guidance gaps about retirement planning.