{"id":3484,"date":"2022-12-13T00:50:46","date_gmt":"2022-12-13T00:50:46","guid":{"rendered":"https:\/\/www.coastalcapital.com\/?p=3484"},"modified":"2022-12-13T18:58:11","modified_gmt":"2022-12-13T18:58:11","slug":"sources-of-retirement-income","status":"publish","type":"post","link":"https:\/\/www.coastalcapital.com\/sources-of-retirement-income\/","title":{"rendered":"Sources of Retirement Income"},"content":{"rendered":"\t\t
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Retirement from the workplace means you need income during retirement which could be troublesome if not planned properly.\u00a0 You should still be making money after you stop working. \u00a0Below are simple ideas to generate income during retirement.<\/strong><\/p>

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Trust Deed Investing provides a great Source of Retirement Income<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Trust deed investing is investing in loans secured by real estate either secured by first trust deeds, second trust deeds, or mortgage and promissory notes.\u00a0 Just this type of investing can provide high degree security diversified over multiple properties or trust deed funds.\u00a0 Trust deed investments offer an attractive current yield with relatively low risk secured by a real asset. Trust deed investors usually earn 8% to 12% annually depending on the LTV (Loan-to-Value), collateral, and FICO score of the borrowers.\u00a0 Interest payments are usually paid out monthly.<\/strong> See Coastal Capital based in Culver City, CA and managed by Chris Tomaszewski www.CoastalCapital.com<\/a>.<\/p>

Investors can opt to invest in a fractional trust deed, the entire trust deed or in a fund that invests for them. Most investment firms require minimum investments in trust deeds, but the exact amount will depend on who is offering the investment. Some investment firms allow investments as small as $10,000 while others require $100,000 or more. The minimum amount will similarly vary by broker.\u00a0 Other names for these types of loans can be asset-based loans, private money loans, business purpose loans.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Laddered Certificates of Deposits (CDs) are a Great Source of Retirement Income<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The construction of laddered CD\u2019s<\/a> mirror the technique for building a bond latter. You might start out buying these bonds before retirement in 1, 5, 10, 15-year increments for multiple years.\u00a0 This way you have less interest rate risk and less capital needed all at once.\u00a0 Maybe take your tax return refund to start buying CD\u2019s and expand from there.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Tax Efficient Income During Retirement<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Being tax efficient<\/a> during retirement takes some planning and strategy.\u00a0 Are you planning on working part-time as a W-2 wage earner? Maybe structure it as a business that take advantage of multiple tax deductions.\u00a0 Are you planning to start a new hobby that uses up a lot of supplies and resources like horseback riding?\u00a0 Maybe volunteer at a stable instead or if you\u2019re planning on painting then volunteer at a hobby store or arts festival.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Owning Rental Property<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Owning rental property<\/a> provides a great steam of monthly income, a hedge against inflation, capital appreciation, depreciation benefits and a great way to off-set other expenses. This is similar to Coastal Capital Trust Deed fund, but you are directly owning the asset vs the fund you own the Note.<\/p>

If you have some real estate or have a financial background, think about getting your real estate license.\u00a0 This could be helpful if your friends are downsizing and need to sell their house and then buy a new one\u20262 transactions = 2 commissions.\u00a0 If you\u2019re well connected from your past employment, church, or neighborhood then you might be able to represent a few buyers and sellers in a year and earn a great commission on each transaction.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Income Diversification is the Key to multiple Sources of Retirement Income<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Setting up a variety of income streams can protect you in case one revenue stream dries up!!\u00a0<\/p>

Such as:<\/p>