Worst Passive Income Ideas for Retirees

Core Insights - Passive income can be beneficial but may not be suitable for all retirees depending on their circumstances [1] Group 1: Rental Properties - Rental properties can generate income but are not truly passive unless managed by a third party [3] - Retirees should consider the costs of hiring management for rental properties to avoid feeling overworked [4] Group 2: Multi-Level Marketing (MLM) - MLM schemes focus more on recruiting than selling, which can make them unsustainable for generating passive income [6] - Most participants in legitimate MLMs earn little or lose money, making it a poor choice for retirees seeking passive income [7] Group 3: Penny Stocks - Investing in penny stocks, defined as stocks trading for less than $5 per share, can be risky due to their volatility [8]