When the experts talk about retirement, they talk about streams of revenue. No one should depend on one plan to get them through the golden years. Social security may end up becoming insolvent, but even if it doesn’t there is very little chance that it will support the kind of lifestyle that you are used to. Even if you are not a successful writer and can create a revenue stream that includes royalties for your intellectual property, you still have some choices for creating different revenue streams. These options include IRAs, stocks, and real estate management in Los Angeles or other places.
Making Money Work
When you reach retirement age, you want your money to work for you. The best case scenario is that you earn enough money from the interest and dividends of your investments that you never have to touch the principal. Very few people actually make it to that point even when everyone receives the same warning about retirement ages, the lengthening lifespan of the average westerner, and the false idea that companies are going to hire people who are older than retirement age.