Advertiser Disclosure

Six Retirement Income Sources For A Peaceful Living

Six Retirement Income Sources For A Peaceful Living Finance

Whether you are planning to retire in the next few months or years later, it is important to ensure that your investments are secured and that you end up receiving a permanent source of income after retirement. Here is a list of six to ponder about:

Social security

Social security is quite a popular investment zone nowadays. Almost 88% of the retired population rely on some kind of steady stream of payments and a majority of them prefer social security as their primary source of income.

Retirement accounts

Prior to the recession, most of the retirees used to rely only on 401(k), IRA or other retirement accounts. However, things have changed in the current scenario and this number has reduced to even fewer than 38%. This also needs quite a bit of initial investment, which makes the investors reluctant.

Pension

Traditional pension payments always exist after you are retired. This will always be your steady source of income. However, not all the employees get this facility, making it not entirely bankable. Statistics show that only 38% of the population depend on pensions.

Home equity

Around 18% of the retirees have invested in home equity to get monetary aid from it. You may also think about this option, as it will definitely give your financial status a boost. You may use a reverse mortgage or significantly downsize and pocket the extra cash.

Stocks

If you are a shareholder in the stock market, then it will serve you well. Though only 11% of the retirees are benefited by it, it certainly is a growing number compared to what it was. People are hoping to boost up their income through stock market investments.

Annuities

If you have a large saving, it is always best to immediately invest in an annuity. It will help you to get a pension-like stream of steady payments. But only 10% of retirees are said to have an annuity as a source of income after their retirement.

Above all, if you are still up for some kind of a part-time employment or consultancy – it will keep you safe monetarily.

233 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Finance

Why You Need To Register A Bitcoin Domain Name ASAP

Bitcoin has become the latest sensation the world right now. Having been started in 2009, this cryptocurrency is what everyone is behind right now, given its immense value that has arisen from many factors one of which is that it stands out to be the...
266 VIEWS
Auto

Easy Financing Options For Toyota Cars

The Toyota dealer services offer best of car deals which most of the car-lovers approve happily. Toyota car has become a craze in the US where the car-loving community prefers the high-quality Toyota cars at affordable prices. The Toyota dealership c...
341 VIEWS
Finance

Home Equity Loan Closing Costs That You Should Be Aware Of

As soon as you purchase a home, you are eligible for a home equity loan. However, since equity is built slowly over the years, it can take a couple of years for you to qualify for a loan against it. For the home equity loan to be approved, the homeow...
797 VIEWS