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Thank you in advance for your ideas and suggestions! I do not have retirement. I am 60 years old and have $50,000 + to somehow create a positive recuring income stream for myself and future. I am open to anyone's creative ideas, opinions, expertise on way I can do this.

Kind regards,

Bob

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    Sure! It all depends on how much risk are you willing to take, and how much effort are you willing to make. If you just want passive income from low risk investments, though, your yearly income will be quite low (like $1000).
    – RonJohn
    Commented Nov 25, 2020 at 22:10
  • Read my answer here and if the idea intrigues you, read this free Ebook. It could have used a good editor since it's a bit verbose but there's worthwhile infor for someone looking for income. Commented Nov 26, 2020 at 0:26

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Investing is a tradeoff between risk and return. The more return you want (on average), the more risk you're going to have to take.

That spectrum can range from very low-risk government or corporate bonds that pays 1-2% per year, all the way to highly speculative leveraged investments (e.g. index futures), where you could double or triple your money in a year, but also have the very real risk of losing everything.

So if you're planning on living off of that income, then you obviously need very low risk (you can't risk having no income, let alone losing money). Since $500 - $1,000 a year plus government assistance is probably not enough to live on, you'll need another source of income.

That's about as precise an answer as you can get with that information. If you want to know about specific investment types (equities, real estate, etc.) then you can ask more specific questions.

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