Relying solely on accumulated savings is no longer a viable strategy. Instead investors must build diversified income streams that generate cash flow, even in retirement.
The article from Forbes Finance Council, published on March 21, 2025, discusses the growing trend of passive income as a cornerstone for modern retirement planning. It highlights how traditional retirement plans like pensions and 401(k)s are increasingly supplemented or replaced by income streams that require little to no daily effort. The piece outlines various passive income sources such as rental properties, dividend stocks, royalties from intellectual property, and automated businesses. Experts emphasize the benefits of passive income, including financial independence, flexibility, and the potential for wealth accumulation over time. The article also addresses the importance of diversification within passive income strategies to mitigate risks, the need for initial investment or setup, and the evolving landscape of financial planning where passive income plays a pivotal role in ensuring a secure and comfortable retirement.
Politics & Government
