Owning rental real estate can be a good idea, no matter what age you are. But owning real estate in retirement can be extra advantageous because it can help you diversify your retirement income while also padding your retirement savings.

If you're looking for ways to expand your senior income, here are three reasons why owning real estate in retirement could be a good move for you.

Rental income is the most obvious benefit of owning real estate. You, as the landlord, get a paycheck each month from the tenant.

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Source Fool.com