08:08 26 June 2013
Retirement is something that all of us should look forward to. It marks the end of our working days and it is the start of the next chapter of our lives, which should be spent doing things that we really love like travelling.
In order to do the things that you’ve always dream about (like travelling), you need to have a steady source of income even after your stopped working.
Below are investment opportunities that can give you passive income after retirement:
1. Buy annuities. Most people who retire receive lump sum from their pension. You can use the money to buy annuity that will give you regular income for the rest of your life. The key here is shopping around to ensure that you’re getting the best annuity out there.
2. Government bonds. This is one of the best investment opportunities for retirees as government bonds are considered safe and they offer higher interest or dividends compared to other types of bonds.
3. Real estate investing. You have the option to buy real estate properties that you can rent out to other people. This is a very good source of income, as you will not need to do anything to get a monthly cheque.
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