Retirement Income Security

Retirement Income Security involves ensuring that individuals have reliable, adequate income after they stop working. It encompasses systems like Social Security, pensions, savings, and investments that provide financial stability during retirement. The goal is to reduce the risk of outliving one’s resources and to maintain a comfortable standard of living. Effective retirement income security balances different sources and planning, accounting for inflation, longevity, and economic changes, so retirees can enjoy financial peace of mind without undue hardship.