Here’s where most Americans are really getting their retirement income

January 22, 2020 by Lorie Konish

Retirement income is often thought to come from three sources: Social Security, pensions and savings.

That combination is often called a three-legged stool, a metaphor for the money retirees use to support themselves once they are no longer working full time.

However, a new report finds that very few retirees actually have income from all three sources.

Just 6.8% of older Americans ages 60 and up who work less than 30 hours per week get money from Social Security, pensions (also called defined benefit plans) and workplace retirement savings like a 401(k) (also known as defined contribution plans), according to the National Institute on Retirement Security.

Click HERE to read the full story via CNBC

Originally Posted at CNBC on January 17, 2020 by Lorie Konish.