More than one-third of Americans are worried they'll outlive their retirement savings according to the Transamerica Center for Retirement Studies. Nobody will require the same exact amount of money in retirement because different situations will inevitably require different amounts, but there are things everyone can do to make sure they're financially prepared.

One of the best ways to ensure you're financially stable in retirement is by having multiple sources of income. Here are three of your options.

Any dividend payouts are good, but they really reward investors who are willing to be patient and wait to receive payouts in retirement. Using a dividend reinvestment program (DRIP) -- which automatically reinvests the dividends you receive back into the stocks that pay them -- can add to the effects of compound earnings and put investors in a position to receive sizable income in return down the road.

Continue reading

Source Fool.com