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There are various types of retirement income sources. Read the following definitions and match each term with its appropriate definition. Common retirement income sources
There are various types of retirement income sources. Read the following definitions and match each term with its appropriate definition. Common retirement income sources are: Social Security, 401(K), Savings Account, Certificate of Deposit, Pension and Reverse Mortgage. 1. Loan available to homeowners 62 years or older, which allows them to convert part of equity in their homes into cash. 2. Saving certificate with a fixed maturity date and specified fixed interest rate. 3. Federal insurance program which provides benefits to retired individuals or those who are unemployed or disabled. 4. Defined benefit plan which allows qualified workers to receive benefits when he or she retires. 5. Interest-bearing deposit account held at a bank or credit union. 6. Emplover-sponsored retirement plan.
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