How to Manage the Timing and Sources of Income in Retirement
Retirement income functions much differently from income during your working years. When you were employed, you most likely had a single employer and a single income source. As a retiree, you likely receive income from multiple sources, including Social Security, one or more IRAs, possibly a pension, and an investment account or two.
While working you receive a check on a recurring basis (i.e., every two weeks). As a retired person, you might receive income monthly, quarterly, annually and even sporadically. Add the fact that part of your retirement income will likely come from investments (savings), which you must protect to make them last, and it can all seem confusing.
Read More: Investopedia
