Retirement income can come from many different sources, including:
- Tax-advantaged defined contribution retirement plans such as a 401k or 403b, a small-business plan like a SEP or Individual 401k, or an individual retirement account (IRA).
- A defined benefit plan—an employer-sponsored pension plan, for example.
- Investment income from non-tax-advantaged accounts such as stocks, bonds, mutual funds, or exchange traded funds.
- Regular payments from an annuity or life insurance policy.
- Any income earned from the launch of a second business or income-producing hobby.
