5) Invest in Stocks
In order to keep maintaining an income through retirement, it is important to look at ways other than working which can bring in money. A good option for retirees is to invest in dividend-growth stocks. Since many other forms of investments, such as bonds, have low interest rates and grow slowly, they are not the best option for older people who do not have a steady salary or wage. According to Douglas Carey, the founder of the financial software firm WealthTrace, many retirees end up with sufficient money to live very comfortably in retirement through a combination of delaying Social Security and carefully investing in stocks. There are many financial resources which you can consult in order to help decide which stocks may be the best to invest in. You should consult a financial adviser to help you plan what will give you the best return on your investment.
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