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Describe the issues associated with fixed incomes

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After retirement, many elderly are forced to live on a fixed income.  This often requires many adjustments. Discuss the income sources for the elderly including both public (governmental) and private (i.e. pre-retirement planning & pensions) resources. Based on the income sources, describe the issues associated with fixed incomes including housing and other expenditures such as food, and clothing.  What do you believe are three strategies that should be incorporated into retirement planning that will address the issues associated with fixed incomes of retirement?  Respond to at least two of your classmates' postings.

Reference no: EM131341517

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