Convert Non-Producing Assets into Retirement Income
It’s common to find retirees who are asset rich and cash poor. You may own some of these assets named below that don’t produce much or any income that you can convert to a much larger income stream. Investment Real Estate In many parts of the US, investments in rental houses or apartment buildings will yield less than 4% after [...]
Categories: retirement income, supplemental retirement income Tags: retirement income sources
Sources of Retirement Income You Control
Many retirees lack control over 50% or more of their retirement income. For example, if a retiree has income of $50,000 annually, and $30,000 comes from social security and employer pension, the retiree controls less than half of his retirement income making those sources somewhat useless to discuss. So let’s focus on the sources of retirement income you can control and [...]
Categories: retirement income Tags: annuitize, bonds, dividends, immediate annuity, retirement income sources
Retirement Income Sources
According to the Bureau of Labor Statistics, these are the sources of retirement income and proportions thereof. Note that 60% of your retirement income sources are not within your control so it does not need to be addressed. Let’s address the sources of retirement income you can control. Let’s also note that the portion of retirement income you can control may [...]
Categories: retirement income Tags: retirement income sources
