3 Unexpected Sources of Retirement Income

Stefon Walters, The Motley Fool
·4 min read
3 Unexpected Sources of Retirement Income

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.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Britain’s youngest Second World War prisoner in German camp saw boy shot dead whilst sharing soup

    Britain’s youngest Second World War prisoner of war watched a Yugoslav boy be shot while they shared soup in a German camp, newly released National Archives records show.

  • 'Lucky to have him': Australia mourns refugee guard killed in Bondi attack

    Australian Prime Minister Anthony Albanese hailed as a hero Pakistani security guard Faraz Tahir, killed in Sydney while trying to stop a mass stabbing attack, in remarks delivered on Friday at a funeral attended by hundreds. Tahir, who would have turned 31 on Wednesday, was on the first day of his job when he became one of six killed this month during the stabbing spree at a busy mall in beachside Bondi. "Running toward danger, to protect people he had never even met, without doubt, he helped save lives that day," Albanese said.

  • Couple renovating cottage discover 200-year-old well underneath hallway

    SWLNwell - By Adam Dutton A couple were stunned to find a secret 200-year-old well underneath their hallway when they began renovating their cottage. Victoria Ellington, 36, and her husband Andrew, 40, were amazed when they discovered the 27ft hole by the front door. Once explored, they found that the well, which is thought to be centuries-old, still contained crystal-clear water. The couple, from Redcar, North Yorks., couldn’t bear to cover up the feature so they decided to find a way to incorporate it into building. After months of hard work, Victoria and Andrew managed to install a pump to create their very own wishing well, covered by protective glass. The couple now rent the beach-front property, called Bute Cottage, to holidaymakers who can enjoy the quirky water feature. Mum-of-two Victoria said: “We bought the cottage during the 2020 Covid lockdown and Andrew, who is a builder, started renovating it. “We were planning to add an extension and build a family home but the foundations started slipping and we knew something was up. “One day Andrew found this deep hole and realised it was quite a deep well right on top of the property by the front door. “He was digging at the foundations and all the soil was falling into this hole. “He just sent me a photo and said: 'Oh my god, have you seen this?' “We knew then that we couldn’t build an extension so Andrew just decided to make it part of the building and we could rent the cottage out.” Instead of paving over the well the couple covered it with a glass walkway and lined the walls of the shaft with lights. Victoria, mum to Oscar five, and Henry, nine, said: “Our sons were excited about having a wishing well so we thought we should make that a reality. "We've put lights down the walls of the well and the glass is toughened. “We can pump water into the well and we’ve got a little slot for people to make wishes. “You can see right down to the bottom. Andrew tried to measure a few times and I think it is around 27ft deep." The couple completed the renovation earlier this month and now rent the two-bedroom cottage out for £629-a-week. Victoria added: "The well makes it a bit different. “When I saw it I was totally blown away and every time I see it I just totally love it." ENDS

  • More than 150 killed in flooding and landslides in Tanzania

    At least 155 people have died in floods and landslides in Tanzania following weeks of heavy rain that has pounded East Africa. Prime Minister Kassim Majaliwa said the El Nino climate pattern had worsened the ongoing rainy season. Tanzania's death toll has more than doubled in two weeks as the amount of rainfall increases, especially in the coastal region and the capital, Dar es Salaam.Around 200,000 people and more than 51,000 households have been affected.Flooded schools have been closed and em

  • Haas confirm Nico Hulkenberg exit ahead of Audi switch

    The German driver joined Haas last year but will leave the American-owned team at the end of the season

  • Good Morning Maryland Friday Weather - Stevie Daniels

    Good Morning Maryland Friday Weather - Stevie Daniels

  • Voices: I know Captain Tom’s daughter better than most – and here’s what’s troubling me...

    IN FOCUS: As it’s revealed that Hannah Ingram-Moore is using the legacy of her father, Sir Tom Moore, to sell her home, the family are thrust into the spotlight once again. Here, David James Smith, having spent time with the Ingram-Moores, once asking for an explanation about a mysterious £800,000 profit made by her company, explains why this extraordinary story isn’t over yet...

  • Police Seeking Information on Bike Riders Who Snatched Phone From Man's Hand

    Police in Manchester are looking for witnesses and victims to a series of mobile phone thefts in the city, with suspects often seen riding electric bikes.Footage from April 11 shows an incident where a man’s phone was snatched from his hand by one of two suspects on a bike shortly after 7 pm local time.Police said they had received several reports from Ancoats and the city centre on this date.A 13-year-old boy and 37-year-old woman have been arrested in connection with the thefts. Police are seeking information on a further two suspects.Thanks to police work on the case, four people have been reunited with their stolen devices, mainly iPhones, police said. Credit: Greater Manchester Police via Storyful

  • Street crime crackdown packs Paris-area prison ahead of Olympics

    A police crackdown that aims to clear a poor suburb of petty crime and street vendors before the Paris 2024 Olympics is putting pressure on an overcrowded prison operating at almost double its capacity. Villepinte is a grey, concrete detention centre in the suburb of Seine-Saint Denis. It lies 2.5 km from the Paris Arena Nord, set to host boxing and fencing competitions during the Games beginning on July 26.It is among the most crowded prisons in France. Opened in 1991, Villepinte takes prisoner

  • GLOBAL MARKETS-Stocks face worst month since September, yen swings after BoJ

    Global stocks were teetering on Friday towards their worst month since September, although futures markets predicted strong tech earnings would spark a Wall Street relief rally later in the day that would help traders recoup some losses. Japan's yen was volatile, hitting a fresh 34-year low after the Bank of Japan (BOJ) kept monetary policy loose at its latest policy meeting, then rebounding.

  • Amy Winehouse fans flock to Camden after biopic release - despite mixed reviews

    Amy Winehouse fans are flocking to visit the star's favourite haunts following the release of a new biopic - despite mixed reviews. The late singer is heavily associated with the London borough of Camden, which also served as a backdrop to many scenes in the recently released 'Back to Black'. The film has come in for criticism, with some claiming it goes too easy on Winehouse's dad Mitch and her ex-husband, Blake Fielder-Civil. Fans revealed on Wednesday they had travelled from all over to visit Camden - with one couple having journeyed more than 700 miles from Barcelona. Scarlet Elias, 43, came from the Spanish city with her partner Albert to see a statue of the singer - but says she refuses to watch the film.

  • Harvey Weinstein's 2020 rape conviction overturned

    The New York Court of Appeals has ruled that the judge who presided over Weinstein's trial prejudiced him by allowing three women to testify about their alleged encounters with the producer when their accusations did not form the basis of the case. At the time, those women were called as witnesses because state law allowed testimony about "prior bad acts" to prove a pattern of behaviour. "Under our system of justice, the accused has a right to be held to account only for the crime charged.", Judge Jenny Rivera, Associated Press.

  • What is the conflict between Rwanda and Congo?

    Everything you need to know about the difference between Rwanda and Congo - and the war between them

  • Millie Bright interview: 'It's nice to be underdogs, but we must find another level to get to the final'

    The Blues take a narrow first-leg advantage into the home decider on Saturday

  • India begins second phase of voting in giant election

    STORY: The campaign has become more heated since the first phase of voting on April 19 as Modi and the main opposition Congress party have faced off on communal issues with Modi accusing Congress of favoring minority Muslims, aiming to dilute affirmative action and planning to impose an inheritance tax.Congress has denied the charges and said Modi is distracting voters from real issues such as unemployment, price rise and rural distress, and fears losing.Almost one billion people are eligible to vote in the seven-phase general elections that began on April 19 and concludes on June 1, with votes set to be counted on June 4.

  • Blowing Dust Reduces Visibility in Red River Valley

    The National Weather Service (NWS) alerted travelers to poor visibility as blowing dust hit the northern end of Grand Forks, North Dakota, on Thursday, April 25.“If traveling in open country this afternoon, be prepared for sudden reductions in visibility,” the NWS wrote. Credit: NWS Grand Forks via Storyful

  • FOREX-Japan's yen rises sharply after hitting 34-year low against dollar

    The yen rose sharply after hitting its weakest level in three decades against the U.S. dollar with markets on edge about possible intervention after the Bank of Japan kept interest rates on hold on Friday. The sudden jump left traders on high alert for signs of intervention. After a two-day meeting, the Bank of Japan left its short-term interest rate target at 0-0.1% on Friday and made small upward adjustments in its inflation forecast.

  • Japan announces plans to launch upgraded observation satellites on new flagship rocket's 3rd flight

    Japan’s space agency announced Friday a plan to launch a major upgrade to its satellite imaging system, as a new flagship rocket is put to the test for a third time. The Japan Aerospace Exploration Agency that an H3 rocket will be launched from the Tanegashima Space Center, on a southwestern Japanese island, early afternoon on June 30, with a launch window that runs through the end of July. The rocket will be carrying an Advanced Land Observation Satellite, ALOS-4, tasked primarily with Earth observation and data collection for disaster response and mapmaking, as well as with monitoring military activity, such as missile launches, with an infrared sensor developed by the Defense Ministry.

  • London horses – live: Runaway horse Quaker’s condition ‘not looking good’ as Vida returns to stables

    Cavalry horses Vida and Quaker ran loose in the road near Aldwych, central London

  • Trending tickers: Alphabet, Intel, Microsoft, Amazon and Anglo American

    The latest investor updates on stocks that are trending on Friday.