5 Ways You Can Get More Money in Retirement
The average American retires with a net worth of around $210,000. Using a common rule of thumb known as the 4% rule, that typical retiree can plan to spend around $8,400 (4% of that balance) in the first year of retirement and increase spending with the rate of inflation annually.
Add to that the average Social Security retiree benefit of around $1,369 per month ($16,428 per year), and the typical retiree can look forward to the lifestyle that around $24,828 per year can provide. If you'd like more than that out of your golden years, you'll need to figure out a way to bring in more cash. Keep reading to learn five proven ways that you can get more money in your retirement.
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Source: Fool.com
