Retirement Income Sources You Can Build
1. Dividend Income
Buy high-dividend stocks or ETFs.
2. Bond Interest
Buy government or corporate bonds.
3. Rental Income
If you own a property.
4. MPF Annuity
You can choose an annuity form upon retirement.
Strategies for Building Retirement Income
- Phased approach — start preparing 10 years before retirement
- Goal-oriented — work backwards to calculate required principal
Summary
How to build a "lifetime pension":
- Accumulate quality assets
- Choose high-dividend investments
- Diversify income sources