Invest in government debt or dividend stocks
Post-retirement investments should preferably be made in vehicles that carry little risk. While that rules out actively trading equities or investing in unicorns, you could invest in mature companies that pay regular dividends.
Alternatively, you could park your wealth in government debt and get a steady, regular stream of income in the form of interest.
Rent out your property
Once you retire, it’s generally more preferable to build passive sources of income unless you’re really invested in a business idea that you want to work on yourself.
One of the oldest ways of building a passive income is to become a landlord and renting out your property.
If you’re not willing to rent to a full-time tenant, turn your property into an attractive place with a bunch of service offerings and put it on Airbnb.
