What is a regular payment after he retires?

Answer 1

A regular payment after retirement, often referred to as a pension or retirement income, is a consistent sum of money received by an individual on a scheduled basis, typically monthly. This payment can come from various sources, such as government social security benefits, employer-sponsored pension plans, or personal retirement accounts like IRAs or 401(k)s. The amount and duration of these payments depend on factors like the individual's savings, investment choices, and the specific retirement plan terms. These payments are designed to help cover living expenses and maintain financial stability during retirement.