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Side hustles are often used by workers to help pay for their kids' education or to save more for retirement. But they can also be quite useful for retirees, in more ways than one. For starters ...
How Social Security benefits work. Social Security is a federal retirement insurance program. Most people who have worked and paid taxes in the U.S. for more than 10 years are eligible for Social ...
3. Create a dividend income portfolio. If retirement accounts aren't your thing or you're looking to supplement Social Security, consider building a dividend income portfolio. Dividend income is ...
Image source: Getty Images. 1. Maximize your investment income. One of the best alternatives to boost your retirement income is to maximize how much income you receive from investments.
Social Security can go a long way in retirement, and it's even responsible for keeping around 16.5 million adults age 65 and older above the poverty line, according to 2022 data from the Center on ...
The Social Security Administration says the program should replace about 40 percent of your pre-retirement income. In short, you’ll need more income to maintain your standard of living.