How to Figure Your Retirement Income Sources

You may have a general idea of how much income you expect to receive after you quit working, but to be on the safe side, you ought to know exactly what this amount will be. For example, how much retirement income will you receive from each of the following sources:

1. Social Security (Will your spouse also receive benefits?)
2. Industrial pension
3. Investments (including rents on property)
4. Insurance policies
5. Savings
6. Full-or part-time jobs in retirement

The Social Security office nearest your home will help you figure your social security benefits and your union or company will be able to compute your industrial pension income. Those who have life insurance policies should have them carefully reviewed by a competent insurance agent to determine whether the policies will meet their future needs and possibly yield some retirement income. The other sources of income mentioned above are ones which the individual must determine for himself.