Certified Financial Specialist (CFS) Practice Exam 2025 - Free CFS Practice Questions and Study Guide

The correct choice indicates that retirement income sources encompass various streams from which individuals receive funds during retirement. This definition recognizes the diversity in financial resources that retirees can rely upon to support their living expenses.

Retirement income sources typically include a combination of pensions, Social Security benefits, personal savings, investment income, and, in some cases, annuities or other products specifically designed to provide income during retirement years. By acknowledging multiple income streams, individuals can better prepare for their financial needs in retirement, leading to a more comfortable and secure lifestyle.

The other options fail to capture the comprehensive nature of retirement income. They narrow the focus to specific sources, such as stock market investments, inheritance, or government aid, which do not represent the broader array of financial supports available to retirees. This omission limits an understanding of how individuals can strategically plan for retirement using various income streams to achieve financial stability.