10.4.3 Supplementing your retirement income

What can you do if your estimated retirement income will not be enough to meet your needs? You have a few options:

• You can continue working for another year or more.
• You can look for alternative sources of income (part-time work, home-based business, etc.).
• You can modify your lifestyle expectations.
• If you own your home, you can sell it and purchase a smaller home.
• You can adjust your investments for higher returns. (But higher returns usually come with higher risk. Get professional advice if you want to do this.)