7 Ways to Generate Income in Retirement Without Going Back to Work
Most of us are looking forward to retirement, but we shouldn't approach it without some planning and preparation. For example, the average monthly Social Security retirement benefit was recently $1,674 -- or about $20,000 per year -- and many of those collecting above-average benefits won't get more than $40,000, not to mention the maximum, which was recently around $50,000.
If you agree that that doesn't look like enough, start thinking about how you can set up some other income streams for yourself in retirement. Here are some ideas.
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Source Fool.com
