YES ! You can earn even if you are retired, how? by making your retirement money works for you, by then you can make your money last and enjoy your retirement years..
At 65, you'd think you could stop worrying about building your retirement stash and focus on preserving it. But with today's longer life expectancies (a 65-year-old man can expect to live until 84, on average, and a 65-year-old woman can expect to live until age 86), "you have to take on some level of risk if you want to keep up with and beat inflation.
To keep the growth engine running, financial planners generally recommend that you have 40% to 60% in stocks at the start of your retirement, with the rest in cash and fixed-income investments to tamp down risk. A more conservative investor might start with 30% in stocks and 70% in fixed-income investments; aggressive investors would reverse it to 70% and 30%. Ang key lang naman dito is to always aim for a diversified portfolio. You need to find an advisor who will sit-down with you and ask your risk portfolio when it comes to investing.
Live off your interest
One obvious way to ensure you won't run your portfolio dry is to siphon off the interest, dividends and perhaps the capital gains on your investments and preserve the principal. At current interest rates, you'd need a hefty amount plus a decent guaranteed income to generate a respectable pay check. Let’s take a look at illustrations below Collecting your pension and provident fund money is work half-done. You have to plan meticulously to not only make your money yield returns that are higher than inflation but also minimise the amount you have to pay as tax.
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