BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Determine your retirement income sources Guaranteed Income (i.e. Social Security, Annuities) Pension plans (i.e., defined benefit plans) IRAs.

Detailed explanation-2: -The average retirement income is around $73, 000, but the median retirement salary is $47, 000. Half of all Americans age 65 or older have incomes of less than $24, 224 a year. Social Security payments to retirees average only $15, 619 a year, roughly two-fifths of their earnings before retirement.

Detailed explanation-3: -As a retiree, you likely receive income from multiple sources, including Social Security, one or more individual retirement accounts (IRAs), possibly a pension, and an investment account or two.