How to Generate Income in Retirement has the most common strategies for retiree income that you'll find from top financial publishers but...
Get my Ultimate RISE Wealth Plan here https://retirecertain.com/RISE ---------------------------------------------------------------- Since I’m always looking for investing resources and ides for my viewers, website readers and financial coaching clients, my search was how to generate income in retirement . These subpar retirement income strategies came from some of the top personal finance websites. Create a cash reserve Taking a pension Delay Receiving Social Security was the best strategy but doesn’t really generate retirement income, it just changes the way it is distributed. Put money in buckets Manage spending Protect against inflation Minimize taxes Withdrawals Health savings account These retiree income strategies may work but are problematic: Purchase an annuity – according to Annuity Expert Advice.com, after researching 326 annuities, a $100K annuity will pay $752 a month for the rest of your life if you’re 50 and you begin getting income at age 60 before taxes if any. https://www.annuityexpertadvice.com/how-much-does-annuity-pay-per-month/ Get investment income by investing in dividend stocks paying 2.5 to 4% or funds. One referenced dividend income fund yielded 2.79% another 2.9%. The best retirement income planning strategies came from Motley Fool. It was to work part time, buy rentals properties, or to buy a small business. What works if you’re over 50? Here’s what worked for us after we retired at 50 or thereabout. It all took effort. Creating 1 or more real income streams to supplement or delay making retirement withdrawals. Building wealth by investing optimally in both traditional and also alternative investments
_______________________________________ Retire Certain is about our alternative retirement strategies from income generating assets and wealth building in our late 40s, 50s and 60s after stumbling into early retirement.
I am not trying to sell wealth management services. While I do hold a current AFC certification, my work is based on my own research and 4 decades of investing experiences in stocks, selling covered calls, real estate, online business, and tactical ETF portfolios.
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Find resources and little seen alternative retirement planning and strategies at https://retirecertain.com/ where I share our crazy income stream adventure
Nothing in this video is meant to be taken as personal financial advice.
Camille Gaines, AFC Wealth coach Accredited Financial Counselor
