3 REITs to Supplement Your Social Security Income
Inflation has reared its ugly head, and the federal government has responded with a cost-of-living adjustment (COLA) raise of 5.9%, the largest in about four decades. That's welcome news to the 47 million or so retired Americans who depend on that monthly payment.
However, how to supplement that fixed income is an individual choice. It could be a while before interest rates make much impact on the minimal returns from such fixed-rate sources as CDs, bank and credit union savings accounts, and even bonds.
Investors who want to boost their yield while reducing risks in the stock market should consider real estate investment trusts (REITs). These companies are required by tax law to pass at least 90% of their taxable income on to investors -- income they generate as owners and/or operators of a wide range of real estate.
Source Fool.com
