From Yahoo Finance: 2025-04-03 17:01:00

Gen Xers aged 45 to 60 looking to retire in five years can boost their nest egg with passive income streams. From real estate to banking, GoBankingRates offers options for steady income. Examples include high-yield savings accounts, REIT platforms, and renting out parking spaces for extra cash.

Passive income requires minimal effort to generate a steady stream of income over time. Opportunities like real estate investments, high-yield savings accounts, and renting out parking spaces can provide additional income for Gen Xers approaching retirement age.

Consider investing in a real estate investment trust (REIT) platform with as little as $500 for a low-risk opportunity. High-yield savings accounts offer higher returns than traditional accounts, some exceeding 4% interest. Renting out parking spaces or investing in rental properties can also generate additional income.

Renting out parking spaces or garages for $500 per month can yield $6,000 annually and $30,000 over five years. Investing in rental properties, like building an accessory dwelling unit (ADU), can provide a lucrative source of passive income with proper management.



Read more at Yahoo Finance: 4 Passive Income Streams for Gen Xers Retiring in the Next 5 Years