{"id":60,"date":"2026-07-29T07:20:53","date_gmt":"2026-07-29T07:20:53","guid":{"rendered":"https:\/\/wealth-lab1.com\/?p=60"},"modified":"2026-07-29T07:20:56","modified_gmt":"2026-07-29T07:20:56","slug":"%ec%9d%80%ed%87%b4-%ed%9b%84-%ec%86%8c%eb%93%9d%ec%9d%80-%ec%96%b4%eb%94%94%ec%84%9c-%eb%a7%88%eb%a0%a8%ed%95%a0%ea%b9%8c-%eb%85%b8%ed%9b%84-%ed%98%84%ea%b8%88%ed%9d%90%eb%a6%84%ec%9d%84-%eb%a7%8c","status":"publish","type":"post","link":"https:\/\/wealth-lab1.com\/en\/%ec%9d%80%ed%87%b4-%ed%9b%84-%ec%86%8c%eb%93%9d%ec%9d%80-%ec%96%b4%eb%94%94%ec%84%9c-%eb%a7%88%eb%a0%a8%ed%95%a0%ea%b9%8c-%eb%85%b8%ed%9b%84-%ed%98%84%ea%b8%88%ed%9d%90%eb%a6%84%ec%9d%84-%eb%a7%8c\/","title":{"rendered":"Where Will Your Retirement Income Come From? 5 Sources for Building Retirement Cash Flow"},"content":{"rendered":"<p class=\"wp-block-paragraph\">When planning for retirement, many people begin by asking, \u201cHow much do I need to save?\u201d But the income you receive each month after retirement is just as important as the total value of your retirement assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even with the same amount of retirement savings, someone who receives a steady public or employer pension will be in a very different financial position from someone who must pay all living expenses by withdrawing savings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Start by reviewing\u2014 <a href=\"https:\/\/wealth-lab1.com\/en\/%ec%9d%80%ed%87%b4-%ec%a4%80%eb%b9%84%eb%8a%94-%ec%96%b8%ec%a0%9c-%ec%8b%9c%ec%9e%91%ed%95%b4%ec%95%bc-%ed%95%a0%ea%b9%8c-%ed%95%84%ec%9a%94%ed%95%9c-%ec%9d%80%ed%87%b4%ec%9e%90%ea%b8%88%ec%9d%84\/\">How to Calculate the Retirement Savings You Need<\/a>\u2014before moving on to the next step: sorting your retirement income sources and calculating the amount you will be short each month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why You Need a Retirement Income Plan<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While you are working, your paycheck arrives regularly. After retirement, however, different income sources may begin at different times.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The amount of a public pension may depend on when you claim it, while the payment period for employer and personal pensions depends on the plan and withdrawal method. Savings and investment assets also require a clear withdrawal plan because you must decide how much to take out and when.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rather than simply adding up your expected income, review the following details for each source.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When will the payments begin?<\/li>\n\n\n\n<li>How much will you receive each month?<\/li>\n\n\n\n<li>Will the payments continue for life?<\/li>\n\n\n\n<li>How much will remain after taxes and fees?<\/li>\n\n\n\n<li>Will the income still cover your living expenses as prices rise?<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Income Source 1: Public Pension<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A public pension is a government-run program designed to provide income in retirement. Examples include South Korea\u2019s National Pension and Social Security in the United States.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because public pensions are generally paid monthly, they can become an important source of income for covering basic living expenses in retirement. However, the actual amount depends on factors such as how long you contributed, how much you paid, when you claim your benefits, and the rules in your country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When planning for retirement, do not guess your expected benefit. Check the estimate provided by the official pension agency in your country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some pension systems provide a higher monthly payment when you delay claiming, but waiting longer is not always the best choice for everyone. Consider your health, life expectancy, current income, and other sources of retirement income before deciding when to claim.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Income Source 2: Employer and Workplace Pensions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Employer-sponsored retirement plans and workplace pensions can also provide an important source of retirement income.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some plans provide regular fixed payments, while others require you to manage the accumulated balance and decide how much to withdraw. Some plans also allow you to choose between a lump-sum payment and regular pension income when you retire.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A lump sum gives you greater flexibility, but spending it too quickly or managing it poorly could cause your retirement savings to run out early. Regular pension payments can make cash flow easier to manage, but you still need to check the payment conditions and duration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before retiring, review the following details.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Current account balance<\/li>\n\n\n\n<li>The age when payments can begin<\/li>\n\n\n\n<li>Estimated monthly payment<\/li>\n\n\n\n<li>Payment duration<\/li>\n\n\n\n<li>Conditions for lump-sum and regular pension payments<\/li>\n\n\n\n<li>Taxes and feesTaxes and Fees<\/li>\n\n\n\n<li>What happens when you retire or change employers<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Income Source 3: Personal Pensions and Individual Retirement Accounts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Personal pensions and individual retirement accounts can help cover living expenses that public and employer pensions do not fully provide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Contribution periods, payment schedules, guarantees, investment methods, and fees vary among personal pension products. A product does not necessarily provide the same level of stable income as another product simply because the word \u201cpension\u201d appears in its name.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you have a personal pension, look beyond the estimated payment and review the following details.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Whether the payment is fixed or variable<\/li>\n\n\n\n<li>Whether payments continue for a fixed number of years or for life<\/li>\n\n\n\n<li>Whether there are restrictions on early withdrawals or cancellation<\/li>\n\n\n\n<li>How taxes and fees are applied<\/li>\n\n\n\n<li>Whether payments are adjusted for inflation<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Income Source 4: Withdrawals from Savings and Investments<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Financial assets such as savings accounts, funds, ETFs, stocks, and bonds can also be used to cover living expenses after retirement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, owning financial assets is not the same as receiving stable income every month. If interest and dividends do not cover your living expenses, you may need to sell or withdraw part of your assets regularly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investment values change with market conditions, so you should not assume they will generate the same return every month. If you must continue selling assets to cover living expenses during a market decline, your principal could fall faster than expected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/wealth-lab1.com\/en\/%ec%88%9c%ec%9e%90%ec%82%b0%ec%9d%b4%eb%9e%80-%ec%9e%90%ec%82%b0%ea%b3%bc-%eb%b6%80%ec%b1%84%eb%a5%bc-%ea%b3%84%ec%82%b0%ed%95%b4-%ec%9e%ac%eb%ac%b4-%ec%83%81%ed%83%9c%eb%a5%bc-%ec%a0%90%ea%b2%80\/\">After learning how to calculate your current net worth<\/a>\u2014to review the financial assets you own and separate money needed for near-term living expenses from assets intended for long-term investment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Income Source 5: Employment, Business, Rental, and Other Income<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Some people continue working for a period after retirement or earn income from a business, rental property, royalties, or other sources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This income can help cover gaps left by pensions and savings while allowing you to delay withdrawing from your assets. However, the amount may vary depending on your health, economic conditions, vacancies, maintenance costs, and business performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For this reason, calculate other income using the actual net amount left after taxes and necessary expenses, rather than total expected revenue. You should also consider whether the income can realistically continue over the long term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Treating uncertain income as if it were a guaranteed monthly pension can make your retirement plan appear safer than it really is.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4 Steps to Calculate Monthly Cash Flow in Retirement<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Step 1: Estimate Your Monthly Living Expenses<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Use your current spending as a starting point, then separate expenses that will continue after retirement from those that may decrease or newly arise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/wealth-lab1.com\/en\/%ea%b3%a0%ec%a0%95%eb%b9%84%ec%99%80-%eb%b3%80%eb%8f%99%eb%b9%84%eb%9e%80-%ec%a7%80%ec%b6%9c%ec%9d%84-%ea%b5%ac%eb%b6%84%ed%95%b4-%ec%83%9d%ed%99%9c%eb%b9%84%eb%a5%bc-%ec%a4%84%ec%9d%b4%eb%8a%94\/\">How to Separate Fixed and Variable Expenses<\/a>\u2014can help you make more realistic estimates for housing, food, healthcare, transportation, and leisure costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2: Add Up Your Stable Monthly Income<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Add up relatively predictable income, such as public pensions and employer pensions that provide regular payments. Use the after-tax amount you can actually spend rather than the amount before taxes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 3: Estimate Variable Income Conservatively<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Employment, business, rental, and investment income may change from month to month, so do not base your plan on the best possible outcome. Use a realistic estimate that accounts for expenses and periods when no income may be received.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 4: Calculate Your Monthly Income Shortfall<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can calculate your monthly retirement income shortfall with the following formula.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monthly shortfall = Expected monthly living expenses \u2212 After-tax monthly income<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, if your monthly retirement expenses are KRW 2.5 million and your public pension, employer pension, and other income total KRW 1.8 million, you will need to withdraw KRW 700,000 from savings or investments each month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Calculating how many years you must cover this shortfall will help you estimate how quickly your retirement assets may be used.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Common Mistakes When Reviewing Retirement Income<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The first mistake is calculating pensions and other income using amounts before taxes. The amount available for living expenses is what remains after taxes and fees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The second mistake is assuming that every source of income begins as soon as you retire. Because each source may begin at a different time, you must prepare separately for any gap before pension payments start.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The third mistake is treating investment returns as guaranteed monthly income. Investment returns can change with market conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fourth mistake is treating assets that cannot easily be used for living expenses, such as a home or vehicle, as if they were cash.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fifth mistake is failing to account for inflation and rising healthcare costs. Income that appears sufficient today may lose purchasing power over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Retirement Income Checklist<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Have you checked your estimated public pension benefit with the official agency?<\/li>\n\n\n\n<li>Have you reviewed the balance and payment conditions of your employer retirement plan?<\/li>\n\n\n\n<li>Have you checked when your personal pension begins and how long payments will continue?<\/li>\n\n\n\n<li>Have you avoided counting the same savings and investments more than once?<\/li>\n\n\n\n<li>Have you calculated every income source using after-tax amounts?<\/li>\n\n\n\n<li>Have you prepared for any gap before your retirement income begins?<\/li>\n\n\n\n<li>Have you calculated business and rental income using net income rather than total revenue?<\/li>\n\n\n\n<li>Have you accounted for inflation and rising healthcare costs?<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Retirement Planning Means Turning Assets into Income<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The goal of retirement planning is not simply to accumulate a large amount of money.  It means planning where your living expenses will come from and deciding which assets will cover any shortfall and for how long.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Begin by identifying relatively stable income such as public and employer pensions, then use personal pensions and financial assets to cover the remaining gap. Employment, business, and rental income should be estimated conservatively because these amounts may change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the next article, we will look at how to use pensions, cash, and investment assets in an appropriate order so your retirement savings do not run out too quickly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u203b This article is provided for general financial education. Pension systems, taxes, and withdrawal conditions vary by country and individual circumstances, so please check the official information provided by the relevant authorities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">References<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Consumer Financial Protection Bureau, Planning for Retirement<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. Department of Labor, Retirement Toolkit<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. Social Security Administration, Plan for Retirement<\/p>","protected":false},"excerpt":{"rendered":"<p>\uc740\ud1f4 \uc900\ube44\ub97c \ud560 \ub54c \ub9ce\uc740 \uc0ac\ub78c\uc774 \u201c\uc5bc\ub9c8\ub97c \ubaa8\uc544\uc57c \ud560\uae4c?\u201d\ubd80\ud130 \uc0dd\uac01\ud569\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc740\ud1f4\uc790\uc0b0\uc758 \ucd1d\uc561\ub9cc\ud07c \uc911\uc694\ud55c \uac83\uc774 \uc740\ud1f4 \ud6c4 \ub9e4\ub2ec \ub4e4\uc5b4\uc624\ub294 \uc18c\ub4dd\uc785\ub2c8\ub2e4. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[15],"tags":[149,143,147,148,136,144,145,134,146,142,100,139],"class_list":["post-60","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-149","tag-143","tag-147","tag-148","tag-136","tag-144","tag-145","tag-134","tag-146","tag-142","tag-100","tag-139"],"_links":{"self":[{"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":1,"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"predecessor-version":[{"id":61,"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/posts\/60\/revisions\/61"}],"wp:attachment":[{"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wealth-lab1.com\/en\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}