The “three-legged stool” is an old term for the trio of what used to be the most common sources of retirement income: Social Security, pensions, and personal savings.

Three-Legged Shop Stool. Posted: October 12, 2024 | Last updated: October 12, 2024. Create a three-legged shop stool while building with Greg Pennington. More for You.

The “three-legged stool” is a phrase that many financial advisers have used to describe the three most common sources of retirement income: Social Security, Employee Pensions and Personal ...

Unfortunately, that three-legged stool has been reduced to two legs for most pre-retirees now that traditional pensions have been replaced by defined contribution plans like 401(k)s.