There are several ways that you can make passive income for retirement.

Typically, passive income is earnings derived with little of no effort on the part of the person receiving it. However, there can be upfront time and or money commitments before you start reaping the benefits.

Some of the more popular types of passive income are from real estate, peer to peer lending and dividend income stocks.

A few other passive income ideas to consider are you can write a book, create online courses and or videos, invest in CD or bond ladders or in a business.

I would suggest your work with a Certified Financial Planner ™ to determine your goals and objectives based on your overall financial plan before making any investment decisions.

Catherine Magaña is a CFP® or CERTIFIED FINANCIAL PLANNER TM and Managing Partner at Savvy Women Wealth Management in Carlsbad California. If you would like to set up a free 30 minute financial assessment she can be reached at 760-692-5700, for private message or click on the following link to contact us directly .