Multiple Income Streams


The optimum retirement strategy is to develop multiple passive income streams. This spreads out your risk so that if one income stream runs into trouble, you still have others to rely on. Even in retirement, it’s not a good idea to put all of your eggs in one basket.

For example, the average retiree in 2020 draws close to $1,500 per month in Social Security benefits. Combined, a couple averages about $2,500 a month. If you were to supplement those benefits with a $1,166 per month withdrawal from an income-oriented portfolio, that would yield nearly $44,000 in annual pre-tax income.

That additional income might come from a variety of sources, including pension benefits, annual required minimum distributions (RMDs) from a retirement investment portfolio and/or issuer-guaranteed annuity payouts.

Leave a Comment





Ready to Take The Next Step?

For more information about any of the products and services listed here, schedule a meeting today or register to attend a seminar.

Or give us a call at 614.545.0277