Retirement can be a bright prospect for everybody. After expenditure of long hardworking life, you can enjoy your time and serenity. It is the time when you get to enjoy the “fruits of your labor,” however many people remain worried about their financial future. They think after retirement you lose the opportunity of earning, which is not true. If you do little saving and little planning about investment you can get continues earning after retirement. Here is some best income investing strategies for retirees.

Bonds

Bonds are a type of loans that you give to governments, municipalities or corporations. In exchange they pay you regular interest on maturity. It is much more hassling free way to invest your money and get secure return over period of time. There are multiple types of bond available in market which can satisfy your financial requirement after retirement.

Retirement Income Funds

If you aren’t interested in keeping regular tabs on your portfolio then Retirement income funds can be a great investment opportunity after retirement. It is a type of mutual fund which invests your money in stocks and bonds with diversification strategy. These types of fund produce monthly income and like mutual funds you can access your money at any time.

Annuities

Annuity is one of the best ways to get a fixed stream of payments for retirees. Annuities take investment from individuals and these funds created and sold by financial institutions, upon maturity it issue a stream of payments. Generally there are two types of annuities fixed and variable, which you can select according to your requirement.

Rental Real Estate

Rental Real Estate is another way you can get stream of payments from your Real Estate investment. In this way you can buy a property and put it on rent and get regular income from it. Price of real estate increase over time and become a valuable asset eventually. However it can be more work than you might have anticipated, like maintenance, damage from renters, or natural disasters.

Hobbies

Your hobbies can also generate regular stream of earning after retirement. You can invest your time and money in different projects like art collection, craft building, plant nursery, writing books, or consultancy projects. This way you remain engaged with what you love and get regular stream of income after retirement.

Retirement is not the end of prosperous life. It can be a beginning of something new, where you enjoy your time and passion. You can give 100% of your time on what you like and what you love and care about. If you plan a little after retirement, you can have financial sovereignty and independence after your golden age.