In retirement, it’s important to have multiple income streams beyond Social Security. Retirees often turn to bonds for additional income, but real estate investment trusts (REITs) can also be valuable assets. REITs distribute at least 90% of their income to shareholders, providing generous yields and potential inflation protection. However, REIT values can fluctuate, so a diverse retirement portfolio is recommended. Certain REIT sectors, like hospitality, may face challenges during economic downturns. While REITs can be a reliable source of income, they should be part of a broader investment strategy.

Additionally, maximizing Social Security benefits through little-known “secrets” could potentially boost retirement income by as much as $23,760 annually. Learning how to optimize Social Security benefits can provide peace of mind in retirement. Joining Stock Advisor can offer more insights into these strategies.

Read more at Nasdaq: Want More Retirement Income? Hang On to This Investment.