---

Guest post by: John McRae Become an Author

Tweet

---

---

With the recent losses on Wall Street many investors are wondering if the goal of achieving a higher rate of return than can be attained with a traditional risk free savings plan is worth the sleepless nights that many are now facing.

While market fluctuations are a normal part of investing the huge losses suffered in retirement plans have made it clear that diversifying your retirement portfolio is now more important than ever. By choosing high quality investment securities, having a cash reserve, and seeking ways to earn a supplemental retirement income you will be able to secure your retirement future.

Many people become intimidated when it comes to their retirement planning. They believe that they will need a professional investment manager to oversee their retirement portfolio. By using the K.I.S.S. principal of investing by using common sense, patience, reasonable expectations, patience and discipline you will be able to take control of your retirement future. Keep it simple should be the basis of any investment decision you make.

While planning for retirement you should focus on multiple income streams. Having only one source of income in retirement is the biggest mistake many investors make. Many people have seen their retirement savings plummet and have no extra source of income. A successful retirement strategy will include income from multiple sources.

Hopefully by the time of your retirement Social Security will still be available. However, it would be wise to not plan on it as a income source and if it is still around than it will be extra retirement income. Even with the losses recently suffered in all likelihood your 401k will still be your main source of income but you should begin to seek additional sources now.

As the housing market has dropped and home foreclosures have increased this has opened the door for supplemental retirement income. If you have the available funds than purchasing real estate and renting it out has always been one of the best sources of income.

If you do not have much in available cash than starting a home business is another excellent source of supplemental retirement income. You can start a Internet home business with very little money and over time begin to earn substantial income from it. Depending on the type of home business you choose you may even earn residual income for many years after you retire.

It is important to remember that your retirement is your responsibility. The decisions you make now, regardless of your age will effect how you are able to live in the future. If you use the K.I.S.S. principal for investing you will be able to enjoy your golden years with plenty of supplemental retirement income.

Related Articles

  SEO: How To Avoid Your Website Being Canned In The Google Supplemental Results
  Use The Internet To Retire With Multiple Streams Of Income
  Demystifying Googles Supplemental index
  Strategic Thinking For Business Owners For Successful Retirement, According To Your Strategic Thinking Business Coach
  How the Retirees should do their own Financial Planning
  A Home Based Business Is A Excellent Source Of Supplemental Retirement Income
  Will the Elderly Dominate the Internet Someday?
  How To Avoid Being Complacent About Your Retirement
  How to Make 2009 Your Best Year Ever
  Retirement - How do I get there?
  Will You Outlive Your Savings?
  Home Based Business Opportunity--Investing for Retirement and Financial Freedom
  About Retirement
  Getting Out Of Google "Purgatory" -- The Supplemental Index
  The Just-Released Secrets of Why the Wealthy Are Dramatically Planning Their Financial Future
  Retirement Planning
  What is a Traditional IRA?
  Retirement Is Not The Goal, Entrepreneurism Is
  Investing for Retirement
  Why doesnt the SBA include franchise territories in their loans and how am I supposed to finance the territory

Related Forum Posts

Re: Host of Marketing Made Simple TV
Re: New Infographic: Top Ten Reasons to Partner with Someone
Re: Is being too connected pushing your business forward or back
Re: How do you make the most of your day?
Re: Success

Share this article. Fund someone's dream.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Lithium is the Next Big Investment Opportunity

Building a Lean Healthcare Value Stream

Emotional Intelligence in Business

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.