Ways to increase your pension are becoming more apparent as more baby boomers continue to reach retirement age; many face quite real
challenges in making ends meet. As I mentioned in a previous post, Creating A Retirement Income, there are ways to manage this issue.
Having a clear picture of where you stand right now with your current benefits and income streams is critical. As I mentioned before I am not offering advice, but increasing awareness of resources and options.
Ways To Increase Your Pension — Your Current Pension/Retirement Sources
One way to increase your pension or retirement income is to have your current investments evaluated by a qualified adviser. I would suggest finding a Fiduciary Adviser rather than any standard financial consultant. A fiduciary is required by law to put your best interests first rather than their own commissions.
They can help you evaluate your current portfolio in terms of asset allocation and fees. So many mutual funds and other investments have numerous fees hidden within the fine print, which can affect your overall returns by many of thousands of dollars over time. 
If you have over $50,000 in investment funds, the firm Creative planning has a free assessment tool called Portfolio Checkup. If your portfolio is less than $50,000, you can use Robo-Adviser at Charles Schwab.
Whether you use your own adviser or one of these online tools, just make sure you are not being taken advantage of with any of the fine print in any current or future investments. It’s never too late to make adjustments.
Now if you have a traditional pension, you already have a lifetime income built in, but these vehicles are less and less available since the onset of the 401(k).
Spend the time necessary to truly understand your options and your current situation. If your current portfolio is performing well all the better.
Other Alternatives 
A qualified fiduciary adviser can provide many alternatives should your current portfolio not be ideal. Spend the time to do the due diligence on finding the right person who you can trust, and always check their recommendations through your own research. This is time well spent. The best person to manage your funds is You once you have all the available data.
Once you determine what your current situation is you can choose to make any changes or not. Once you have maximized your current investments you can then reassess your situation. As I mentioned in the previous posts on The Baby Boomer Retirement Crisis and Make Money After Retiring, there are many ways to increase your income depending on your skills and interests.
Whatever you choose to do, find ways to enjoy the process while understanding for every challenge there is a possible solution. We all have so much for which to be grateful, and this attitude of gratitude energizes us and those around us.
In my work in the human services field over the years, I have been honored to meet and work with many folks with moderate to extreme challenges in many areas of their lives, including health and finances. The courage and determination which I have been privileged to witness have impacted my life in so many ways.
These people have been my role models, and have instilled in me the knowingness and confidence that anything is possible. Miracles do exist and they do most definitely occur.
Check out my article on Baby Boomers and Marketing for additional ideas on how to turn your talents and experience into viable sources of income.
Ways To Increase Your Pension — Bringing Value To Others
When we bring value to the lives of others our needs get met effortlessly, and often in quite unexpected ways. Once we learn to be grateful as well as let go of our worries and fears, we open our vision to new possibilities.
Learning to let go of any resistance to our present circumstances can take as long as it takes, but once we do we connect with a Power Source which will fuel all of our goals and desires. At this point, it is just a matter of truly “knowing” what we desire, and “allowing ourselves” to take the necessary steps to get there.
It may seem that I got a bit off track from the central theme of this article about ways to increase your pension, but our attitude and frame of mind impact us in so many ways. When we allow ourselves to conceive ways to accomplish our objectives anything is possible.
Let me know if you have any questions about any of this stuff, and I will gladly respond.
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All the very Best to You,
Joseph
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This is some very helpful information you provide here. I really didn’t start thinking about my retirement or investments until this year when I turned 45 years old. This is how I found your post and I am glad I did. Do you have a specific blog that you have written which you would recommend I read? I am now starting to really think about what I am going to do to survive in the next 20 years and any advice you can give me would be much appreciated.
Thank You
Jason
Hi Jason, Thanks for your comment. There is a book by Tony Robbins called “Money – Master the Game”. That book will give you a strong foundation on wealth and money management.
Retirement is something that we should all plan for. It is so sad to see many who have not done this and because of this, they are not enjoying those golden years. But by putting a plan in place will help those golden years to be so much better. I hope those who come across your post and have not plan for those golden years will take you good advise.
Thanks Norman.
This definitely looks like something I HAVE to show my grandparents. They have been living on pension for so many years and though they had a lot of savings, they are running thin now (they are in their mid-eighties). The information here will definitely help them stretch their money and look for ways to maximize their income online. Thanks for a great article because they are at a point where they really need it. I will share it with them.
Appreciate your comment.