20 Amazing Things Retirees Should Do With Their Money

Buy Income-Producing Investments

As a retiree, you’ll no longer have regular monthly income from a job. To replace this income, consider investing at least a portion of your money into income-producing stocks, mutual funds, exchange-traded funds or bonds.

Each of these types of investments has its own risk/reward profile, and you’ll likely want to consult a financial advisor to choose the right instruments. However, some combination of income-producing investments can help replace your lost employment income while you’re retired.