"While reaching retirement age can be both a blessing and a curse, relying on the U.S. government to provide for your needs is not the best idea. The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually for those born from 1955 to 1960, reaching 67. For anyone born in 1960 or later, full retirement benefits are payable at age 67."
"According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It can also include income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved. The more passive income can help cover rising costs, such as mortgages, insurance, taxes, and other expenses, the easier it is for investors to set"
Full retirement age in the United States is 66 for people born from 1943 to 1954, increases gradually for those born between 1955 and 1960, and is 67 for anyone born in 1960 or later. Social Security alone often cannot provide a comfortable retirement. Passive income includes earnings from rental activity, businesses or investments in which the individual does not materially participate, limited partnerships, stocks, and bonds. Reliable recurring dividends, particularly monthly payouts, can help cover rising costs such as mortgages, insurance, and taxes. With major indices near all-time highs and a possible rate cut, higher-yield dividend stocks can attract buyers. Investors should consider safe, income-producing selections and consult a qualified financial advisor for portfolio reviews.
Read at 24/7 Wall St.
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