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Anonymous
Anonymous asked in Business & FinancePersonal Finance · 7 months ago

How can I come up with money after I retire?

My house is paid off, but I only have $100k in retirement funds

23 Answers

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  • zipper
    Lv 6
    7 months ago

    Oh poor you, your better off than most of us are, be glade you have what you have. If you still need money get a part time job at the local Wal Mart!  BOO WHO!

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  • 7 months ago

    Saving money or exchange service for money

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  • 7 months ago

    X *0.03 = Y Where Y is the amount of annual income your going to need in retirement and X is the amount invested in a diversified portfolio.

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  • 7 months ago

    You DON'T retire. You work until you have enough money to retire.

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  • Pearl
    Lv 7
    7 months ago

    you should be able to get social security

    • August
      Lv 6
      7 months agoReport

      another thick answer !

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  • Judy
    Lv 7
    7 months ago

    Part time job, reverse mortgage..... You'd be wise to delay retiring as long as you can. Good luck.

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  • 7 months ago

    you should be able to get social security

  • 7 months ago

    Many people of retirement age keep working as long as they possibly can. Certainly, if you will be getting Social Security, you want to try to wait until you turn 70 to start collecting to maximize that. As for your retirement funds, you must have investment income (e.g. stock dividends, interest on bonds, etc.) or buy annuity for regular income over time.

    Reverse mortgages have limitations. It is often better to sell a home & downsize to reduce costs, maintenance & housework, as well use some of the sale price of your current home to boost your retirement investment funds or get an annuity, etc.

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  • Anonymous
    7 months ago

    Rent out rooms in your house.

    Work part time.🎃

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  • Anonymous
    7 months ago

    Walmart hires old people

    • August
      Lv 6
      7 months agoReport

      that is very reassuring - he wants to stop working

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