Generating income in retirement has been one of the trickier propositions over the last decade. With interest rates extremely low since the last financial crisis in 2008, the search for yield is more complicated than it had been previously.

You can't simply stick your money into a bond fund and hope for the best. In fact, with bond yields losing out to inflation, a bond-heavy portfolio is likely to lose purchasing power over time and deliver negative real returns. 

Luckily, there are alternatives. Here, we'll go through five easy steps to generate cash flow in retirement while employing a bit of creativity along the way. 

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Source Fool.com