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Podcast: Your Financial EKGâ„¢ | Retirement Planning | Investment and Wealth Management | Financial Planning
Episode: What is the Average Income in Retirement in 2021?
Description: Average Income in Retirement in 2021 || Retirement Income Strategies & Retirement Income Planning
In this podcast I want to talk about the average retirement income in 2021 and retirement income strategies to help you increase your retirement income and give you confidence in your retirement income planning. Â Â
In 2021 the average retirement income for a retired individual was $1,500 in social security retirement income. The average retirement account balance is $164,000 which in turn equates to $864 in retirement income being distributed from retirement savings. Â Â
Retirement income strategies are such an important piece to an individual and families retirement income plan...