Could you possibly arrange multiple income sources?

income for retired women


On average, women receive 23% less Social Security income than men. In 2014 (the most recent year of data available), the average yearly Social Security benefit for a woman 65 or older was $13,150, compared to $17,106 for her male counterpart.1

This is one example of the income gap plaguing too many women in retirement. With a little ingenuity, you may be able to
plan new income streams to counter it. Here are a few ideas.

Make money from a hobby. You may be able to monetize what you love to collect, repair, or create. You may not need to
incorporate: 95% of U.S. businesses are sole proprietorships.2

If suitable, consider directing more assets into dividend-paying investments. If you opt for this, you must specify
that you will take dividends as cash rather than reinvest them.

Rent property. A room, a vacation rental, a home…if you have an empty nest, the money earned from renting it out could
exceed future housing costs over time.


Meet with a Financial Advisor

Next Step: Speak to a Financial Advisor

We're financial advisors specializing in retirement planning. Find out how working with a financial advisor can help you avoid making those classic mistakes.
Meet with a Financial Advisor


Required Attribution

Tracking #1-708546 (Exp. 04/19)

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.
LPL Financial Representatives offer access to [Trust Services through The Private Trust Company N.A.], an affiliate of LPL Financial. To the
extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial is not
an affiliate of and makes no representation with respect to such entity.

1 [9/16]
2 [1/7/16]