Interesting option for retirement income

To make one thousand U.S. dollars monthly pension recently, the method of the following six are listed WalletPop. In particular, to complete his retirement at the age of 65, they summary of findings want the idea to generate a month regular income $ 1000 20 years of social security pension and / or at least:

I buy one single premium immediate annuity. For the rest of his life, a man of 65 years old, will receive $ 1,000 a month he to spend $ 172.000 pension - is $ 12,000 per year.

I will build two ladder. By you to purchase (CD) well-selected collection of the certificate of deposit in order to create the United States Department of the Treasury, corporate bonds and local government, you can create a predictable income similar. To earn an average of $ 12,000 per year, dividends and interest, you have $ 600,000 to invest in the current level of interest rates.

Figure 3, investment in the stock market. Must be $ 300,000 investment to target a monthly $ 1,000 4% or more for when you use the traditional rules of thumb to 4% reduction of this kind of investment for retirement, to maintain performance.

And leave it to 4 reverse mortgage. According to the AARP, there will be monthly income in one thousand U.S. dollars home $ 450,000 that was paid in full to you.

The 5 in order to obtain a part-time job. $ 7.25 per hour - So if you're paying for the work, with the aim of the federal minimum wage level will increase so much, it takes 32 hours a week, 52 weeks a year.

6, please do not end the work of your day. It earns 60 ℃, the $ 50,000 per year, If he takes the social security 62, he insisted, and pay for the system, if you want to wait until age 70 to get a raise stable yet , if you stop work his boots, he will receive a monthly $ 1.158 that will earn $ 2.602 per month he. This is a $ 1.444 increase in the months of hanging there.

I take this to my (number):

Please pay $ 1000 and $ 172K for one life. A lot? It depends on how much you live.

2, need more than how $ 172K, a CD ladder - a lot more. Also, to get to maintain the total amount of, but do not pay someone for something and your pension.

Much less three, if necessary, you have the money yet. However, much more dangerous.

4 does not work. But, I do not want to go there. I'm not a fan of reverse mortgages in some way.

5 # 5 sounds just awful - 32 hours per week, working minimum wage, retirement then? Ugh! Now, we can simply because it saved: for this scenario in the future. You and if smart, you can be up to $ 1000 with something like 5-10 hours per week, and you can do much much more than minimum wage. IMO is reasonable to much.

If it is 6 can not wait, especially, you need to do if you come from a long line of relatives who lived in the second half more than the 80's you.

I think at least in part, and I use probably, (I think when I retire, I will easy to find income) annuity, CD scale, the stock market, and retired (full part-time job, I, I working to be able to write a retirement that you see yourself not, and I as I believe advice and / or - to money and for pleasure), so that I can as long as the social security I wait. So, (By the way, we in cash retirement when you are free to go to reduce our home that I think that there should be no idea I just do not have a reverse mortgage I really We would have moved to an apartment.)

What do you think? Please you see or hate particularly like?