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What percentage of your income after you retire will probably come from social security and from your employer? All of it. Typically when someone retires, the money they receive comes from their employer if they had some type of retirement plan. Also, from paying social security taxes over the years of working once you retire and reach a certain age, you are able to draw from social security for income.
After someone retires, you can expect to get 35 percent of your income from social security and your employer. As, while someone was working they take 35% from his income and give that back while retirement.
What is the definition of retirement planning?
Retirement planning is the process of putting money aside, investing it, and then distributing it in order to live well in retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirees to grow their money while benefiting from certain tax benefits.
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