You can’t talk about retirement without talking about income. There are seven streams of income you need to know about. In today’s episode, we’ll break them down for you and help you understand the pros and cons of each one. Join us for a critical discussion on creating a reliable, dependable income source in retirement and discover the importance of having a diversified financial plan.
Here's some of what we discuss in this episode:
Earned income is the most common type of income. (3:50)
Interest income is a form of passive income. (9:09)
Business income is one of the best ways to have wealth. (19:16)