How To Keep Your Income Flowing
A number of income-generating financial products and strategies can help alleviate your fears of outliving your retirement savings.
PRODUCTS
REVERSE MORTGAGES
Loans that let you borrow up to 75% of your equity in your home, if you're 62 or older, subject to certain limits. You can receive a lump sum, regular payments, or a line of credit. The loan is repaid after you move or die.
SHARED APPRECIATION MORTGAGES
Loans that give you a cash payment of up to 25% of your equity. The loan is paid when you move or die. The lender gets first dibs on any future appreciation in your home.
ANNUITIES
Insurance company contracts that guarantee you an income for any period of time you choose, starting from age 59 1/2.
STRATEGIES
BOND LADDERING
You buy a portfolio of bonds whose maturities are staggered and that have different interest payment dates. The former protects you against interest rate risk, while the latter creates a regular income stream.
STOCK DIVIDEND LADDERING
You invest in high-yielding stocks with regular dividends but different payment dates. That lets you generate a steady income flow.
RELATED ITEMS
 - INTRODUCTION
- COVER IMAGE: How to Retire
- THE NEW MATH OF RETIREMENT
- TABLE: Asset Allocation Helpers
- TABLE: Retire Later and Reap the Rewards
- THE GODFATHER OF INDEX FUNDS
- MAKING THE MONEY LAST--AND THEN SOME
- TABLE: How To Keep Your Income Flowing
- TABLE: Reverse Mortgage Resources
- FUNDS THAT CHANGE WITH YOU
- TABLE: These Funds Follow You to Retirement
- BW/HARRIS POLL: NOTHING RETIRING ABOUT THESE RETIREES (extended)
- ONLINE ORIGINAL: COVERING THE HEFTY TAB FOR LONG-TERM CARE
- ONLINE ORIGINAL: A TALK WITH TIAA-CREF'S INVESTMENT HONCHO (with audio)
- ONLINE ORIGINAL: FOR INVESTORS: A STOCK THAT COULD RIDE THE AGE WAVE
- COMMENTARY: WHAT'S LEFT FOR THE LATE-BLOOMING BOOMER?
- CHART: A Looming Threat to the Stock Market?
- WHERE SILVER-HAIRED SURFERS BROWSE
- TABLE: Net Resources If You're Retired...Or Thinking About Retirement
- PRODUCTS THAT MAKE LIFE USER-FRIENDLY AGAIN
- TABLE: It's Not All High-Tech
- WHEN A HOME NEAR THE FIFTH HOLE ISN'T ENOUGH
- TABLE: Making Your Move Online
- TABLE: College Towns
- TABLE: Job Meccas
- TABLE: Urban Hot Spots
- FAR FROM THE TOUR-BUS CROWD
- TABLE: Mapping Out Adventure Travel
- FOR ATHLETES, THE GLORY DAYS AREN'T OVER YET
- TABLE: Want To Compete? Here's Where to Start
- LATE-BLOOMING SCHOLARS
- TABLE: Advice to the Senior Class
- ONLINE ORIGINAL TABLE: States That Give Senior Students a Break, or Not
- FIRST STEPS TO A SECOND CAREER
- TABLE: Online Career Assistance
- ANYONE WANT TO LEND A HAND?
- TABLE: Helping Others
- COMMENTARY: JIMMY CARTER: THE BEST YEARS OF OUR LIVES
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