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February 3, 2021 6:21 AM newsfeedback@fool.com (Ryan Downie)
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February 4, 2021 12:15 PM
It’s scary to stop earning income when you stop working, but everyone dreams of a comfortable retirement, so it’s a bridge you’ll have to cross eventually. Popular sources of retirement income, such as Social Security and retirement accounts, might be enough to cover bills for most investors, but there are several alternative cash flow opportunities that are often overlooked or underused. These four surprising sources of retirement income are less common for good reasons, but they might be worth considering if you’ve already exhausted the traditional ways to enhance your retirement lifestyle.
December 21, 2020 5:48 AM newsfeedback@fool.com (Selena Maranjian)
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Updated:
December 22, 2020 6:37 AM
Most Americans approaching retirement have not saved nearly enough. More than a third of those 55 and older have socked away less than $100,000, and about 60% have saved less than $250,000 (per the 2019 Retirement Confidence Survey). Clearly, even factoring in Social Security income, most people will need additional sources of retirement income.
The good news is that there are a lot of ways to generate retirement income, such as working for a few more years and tapping life insurance policies. Here are five sources of retirement income, all of which relate to your home.