Filling the retirement income gap

Over the years, people have customarily relied on three main sources of income to see them through retirement:

  1. Social Security
  2. Retirement savings through an employer-sponsored plan
  3. Personal savings

Even though this "three-legged stool" is the traditional standard for how people fund their retirement, in reality it sometimes does not work out this way and people have to look for other ways to fill the gap in their retirement income.