4 Ways to Produce Passive Income in Retirement
Planning for retirement can be a challenge. The best you can do is estimate your financial needs, and then when you're finally in retirement and no longer earning a regular paycheck, you may realize you need more money than you thought you would. Extra income from nonjob sources can provide the funds you need if everyday expenses are higher than anticipated or you simply want to spend more on hobbies or traveling. Whatever you imagine you would do with a little more income, the first step is to determine the best way to generate it. Here are four ideas for those already in retirement.Image source: Getty Images.Continue reading
Planning for retirement can be a challenge. The best you can do is estimate your financial needs, and then when you're finally in retirement and no longer earning a regular paycheck, you may realize you need more money than you thought you would. Extra income from nonjob sources can provide the funds you need if everyday expenses are higher than anticipated or you simply want to spend more on hobbies or traveling.
Whatever you imagine you would do with a little more income, the first step is to determine the best way to generate it. Here are four ideas for those already in retirement.
Image source: Getty Images.
