Continuing the theme of Financial Literacy Month, I will define terms that will help you create a plan for retirement income, particularly as it relates to taxes and risk management.
The key to a successful retirement income plan is to increase your spendable income (money after taxes paid). So you might want to know a lot more about taxes.
You also want to make it dependable income (money you can count on). You want your income to be predictable and stable, like Social Security or a company pension. It all means that you are going to want to understand risk management. More