Creative Ideas for Retirement Income
Business Week (via MSNBC) has an decent story about non-traditional ways to generate income during retirement, Retirement Income: Think Creatively.
The first suggestion was the one I found most interesting.
...the client paid off his son’s home mortgage and now has his son making mortgage payments to him instead of the bank. This way, the father earns 6%—the interest rate on the son’s mortgage—compared with the 4% gain [he had earned with his investments] this year.
Want more ideas? Read the story.
