Looking to boost your retirement with extra passive income? Try this!

MotleyFool07-13

Just an extra $100 of additional passive income a week could make a big difference during your retirement years. Of course, $200 or $300 a week would be even more welcome. That could open the door to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2451208569?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-13 05:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2451208569","market":"hk","top_or_hot":-1,"title":"Looking to boost your retirement with extra passive income? Try this!","media":"MotleyFool","content":"<div>\n<p>Just an extra $100 of additional passive income a week could make a big difference during your retirement years. Of course, $200 or $300 a week would be even more welcome. That could open the door to ...</p>\n\n<a href=\"https://www.fool.com.au/2024/07/13/looking-to-boost-your-retirement-with-extra-passive-income-try-this/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Looking to boost your retirement with extra passive income? Try this!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLooking to boost your retirement with extra passive income? Try this!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-13 05:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/07/13/looking-to-boost-your-retirement-with-extra-passive-income-try-this/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Just an extra $100 of additional passive income a week could make a big difference during your retirement years. Of course, $200 or $300 a week would be even more welcome. That could open the door to ...</p>\n\n<a href=\"https://www.fool.com.au/2024/07/13/looking-to-boost-your-retirement-with-extra-passive-income-try-this/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7501","symbol_name":"新冠治疗股","start_time":0,"source_url":"https://www.fool.com.au/2024/07/13/looking-to-boost-your-retirement-with-extra-passive-income-try-this/","article_id":"2451208569","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2451208569","pubTimestamp":1720819800,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Just an extra $100 of additional passive income a week could make a big difference during your retirement years. Of course, $200 or $300 a week would be even more welcome. That could open the door to ","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7501":"新冠治疗股","BK7095":"多种金属与采矿","BK7135":"综合性银行","RIO.AU":"力拓","BK7507":"资源股","ETF.AU":"UBS IQ Research Preferred AU Share","BK7508":"医药生物股","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","HVST.AU":"BETASHARES AU DVD HARVESTER","BK4550":"红杉资本持仓","BK7511":"ESG概念","BK4585":"ETF&股票定投概念","FDN":"First Trust Dow Jones Internet I","XAO.AU":"标普/澳交所 普通股指数","BK7067":"生物科技","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","BHP.AU":"BHP GROUP LTD","CSL.AU":"CSL LIMITED","BK4588":"碎股"},"translate_title":"想通过额外的被动收入来提高你的退休生活吗？试试这个！","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO.AU":1,"HVST.AU":1,"ETF.AU":1,"CSL.AU":1,"CBA.AU":1,"BHP.AU":1,"XKO.AU":0.67,"XJO.AU":0.67,"XAO.AU":0.67,"FDN":0.67},"content_text":"Just an extra $100 of additional passive income a week could make a big difference during your retirement years. Of course, $200 or $300 a week would be even more welcome. That could open the door to extra travels in your golden years. Or you may choose to spend some on gifts for your partner, or your kids or grandkids. Or perhaps just spoil yourself. However you may choose to put the extra funds to use, here's how I'd go about securing that passive income stream today. Building passive income for retirement I think ASX dividend shares offer one of the best means for Aussies to secure potentially life-changing passive income in their retirement. One of the advantages offered by many leading ASX dividend shares is that they come with franking credits. That's something you won't get on most international exchanges, including in the United States. With 100% franking, you'll get the full credit for the 30% corporate tax the company has already paid, which could reduce your own tax burden. That can be an extra big bonus for self-funded retirees with a low annual income, who can receive franking credits as cash refunds. Another thing to keep in mind when building your retirement-enhancing passive income stream is that the sooner you get started, the larger that extra income pool is likely to be. For example, let's say you invest $5,000 a year and achieve 5% capital gains and 5% dividend yields for a 10% average annual gain. After 10 years, you'll have invested $50,000, and your ASX portfolio will be worth $92,656. But if you keep at it for 30 years, you'll have invested $150,000, and your ASX portfolio will have grown to $909,717. At that point, you could stop investing and begin drawing out your weekly passive income. From the 5% dividend yield alone, that would equate to $45,856 a year or some $875 a week. Finally, when looking for retirement-boosting ASX passive income stocks, you'll want to invest in a diverse range of companies operating in various sectors and, ideally, across different geographic locations. That will help reduce the risk of your overall portfolio taking a big hit if any one company or sector hits some turbulence. One ASX dividend share with instant diversity I think it's worth finding a range of top ASX dividend gems to buy and hold in your passive income portfolio. But one simpler way to get rolling is to invest in the BetaShares Australian Dividend Harvester Fund (ASX: HVST). The ASX exchange traded fund (ETF) holds anywhere from 40 to 60 blue-chip ASX dividend shares at any given time, offering instant diversity. The ASX ETF's top four holdings at the time of writing are Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), CSL Ltd (ASX: CSL) and Rio Tinto Ltd (ASX: RIO). On the passive income front, the ETF makes convenient monthly payments. As at 28 June, HVST had a 12-month gross dividend yield of 8.4%. The gross yield incorporates the 78.5% in franking credits. As of the same date, the BetaShares Australian Dividend Harvester Fund had delivered 14.0% in gross returns after fees over 12 months.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2451208569"}