retirement income literacy

Retirement income literacy is the understanding of how to effectively plan and manage your finances to ensure a reliable income during retirement. It involves knowing about various income sources like Social Security, pensions, savings, and investments, as well as understanding how to create a sustainable withdrawal strategy. Being retirement income literate helps you make informed decisions, avoid running out of money, and maintain your desired lifestyle through your retirement years. It’s an essential skill for financial security, empowering you to navigate complex financial options with confidence.