When you take into account the franked credits available to Australian retirees these steps could make a very big difference to your retirement income, if you have the capital to invest.
As with all investments, make sure you understand the ups and downs of the stocks you are investing in. Professional advice is always a good thing if you are not experienced in shares.
Yahoo Finance - Business finance, stock market, quotes, news wrote:
Here’s how you could enjoy a higher regular income in older age.The post Retirees: boost your passive income with these 3 simple steps today appeared first on Motley Fool Australia.
I'm not suggesting you do this, I'm only suggesting that you might like to look into this with the advice of your professionsl adviser.
Our adviser does cost us money but it's money well spent.