Elon Musk says DOGE will 'absolutely ensure' Americans get their Social Security — vows no cuts 'whatsoever' to 'legitimate' payments. 2 ways to boost your nest egg no matter what he does

Collect passive income from real estate

Real estate has long been a popular option for retirement investors, since well-chosen properties can provide a steady stream of rental income. It is also considered a hedge against inflation, with property values and rental income often rising alongside the cost of living.

While the prospect of collecting monthly rent checks sounds appealing, being a landlord does come with its challenges. You need to find reliable tenants, collect rent and handle maintenance and repair requests (out of your own pocket) — and that’s if you can save enough for a down payment and get a mortgage to buy a property in the first place.

The good news? These days, you don’t need to buy a property outright to reap the benefits of real estate investing. Crowdfunding platforms like Arrived have made it easier for average Americans to invest in rental properties without the need for a hefty down payment or the burden of property management.

With Arrived, you can invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants.

The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you’d like to purchase and then sit back as you start receiving rental income deposits from your investment.

If you’re interested in commercial real estate, there are plenty of opportunities as well.

First National Realty Partners (FNRP), for instance, allows accredited investors to diversify their portfolio through grocery-anchored commercial properties, without taking on the responsibilities of being a landlord.

With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns.

Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties.

The richest 1% use an advisor. Do you?

Wealthy people know that having money is not the same as being good with money. WiserAdvisor can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning.

Try Now

High yield savings options

Whether you’re nearing retirement or already retired, high-yield savings options offer a low-risk way to generate income passively while keeping your funds accessible.

Some high-yield savings accounts offer much higher interest rates than traditional savings accounts, allowing your money to grow without needing to lock it away in long-term investments.

There are also non-bank options like the Wealthfront Cash Account, offered by Wealthfront, a financial services company known for its robo-adviser platform.

The Cash Account currently offers a 4.00% APY, along with FDIC insurance coverage of up to $8 million through partner banks. The account comes with zero account fees and offers unlimited fee-free transfers and withdrawals, making it a flexible and secure option for growing your cash reserves.