4 Passive Income Streams for Boomers Retiring in the Next 5 Years

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Thats why passive income strategies can be a great idea.Here are some of the best options.

But once youve got it all set up, a rental property business can be pretty hands-off.

Buying dividend stocks is one way to generate true passive income.

This makes dividend stocks more tax-efficient than bonds, with the added kicker of potential capital appreciation.

This experience is valuable, and people are willing to pay for what you know.

For an out-of-the-box idea, consider using your car to advertise.

If you dont mind being a driving billboard, this can be an easy way to passively earn income.

But for ongoing passive income, youll need to put a more consistent strategy into place.

The above ideas can help boost your monthly income by hundreds or even thousands of dollars a month.

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