8 Realistic Ways to Supplement Your Retirement Income
Retirement income streams often consist of Social Security benefits, withdrawals from an IRA or 401(k), and pension payments, with Social Security being the largest income source for more than half of retirees. But Social Security only replaces about 40% of the average worker’s pre-retirement earnings. In this piece Maurie Backman lists eight things you can do to supplement your retirement income: 1. Get a job; 2. Start a business; 3. Sell your home; 4. Become a landlord; 5. Get a reverse mortgage; 6. Cash out your life insurance policy; 7. Invest in dividend stocks; 8. Buy municipal bonds. Full piece with details here.
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