Make money while you sleep – retirement passive income! Retirement planning for seniors with passive income is like creating income streams that flow in even when you’re not actively working. Passive income can come from rental properties, dividend stocks, online businesses, or royalties. Think of it as setting up financial machines that generate income automatically. The twist? Passive income can be a game-changer in retirement, but it usually requires upfront effort and smart planning to set up. Actionable Tip: Brainstorm passive income ideas, even as a teenager. Thinking creatively about different ways to generate income is a valuable entrepreneurial mindset to develop.