From Yahoo Finance: 2025-03-29 07:04:00

Retirees are focusing on creating multiple sources of passive income to supplement retirement savings. Financial experts offer strategies like annuities for guaranteed income and investing in dividend-paying stocks or real estate for additional cash flow. Peer-to-peer lending, passion projects like writing books or creating video courses, and royalty checks from intellectual property are also viable options for retirees to generate wealth. With smart planning, retirees can turn hobbies and existing assets into self-sustaining cash flow sources to supplement retirement savings.



Read more at Yahoo Finance: 4 Passive Income Opportunities for Retirees To Generate Wealth