However, this financial fear may be less scary than most people imagine when we consider the variety of retirement income sources available to us. If you thought your 401(k) or a similar retirement account was your only option for funding retirement, you may be pleasantly surprised to find out you have access to several different retirement income sources and strategies. Home equity may even serve as another potential source of backup retirement income, if needed. Let’s take a closer look at these potential retirement income sources:Social Security - Among the income sources available to most workers, Social Security retirement income benefits can provide a substantial measure of longevity protection. Pensions – Although availability of retirement pensions has significantly declined in the corporate world, government workers at various levels often still have access to these potential lifetime streams of retirement income.

Source: Forbes March 26, 2017 13:52 UTC