Many retirees fear outliving their money, but there are options to generate income without taking on additional work. Rental properties can boost savings, spare rooms can be rented out, and home equity can be tapped for cash. Social Security and pensions also provide stable income sources in retirement.

Balancing retirement plan withdrawals with other income sources is crucial to ensure financial security. Home equity can be leveraged through loans or lines of credit. Geographic arbitrage, moving to a more affordable area, can stretch retirement savings further. Consulting a financial advisor before making any decisions is recommended.

Read more at Yahoo Finance.: 5 Ways To Earn Income in Retirement Without a Side Gig