Retirees are often advised to maintain diversified portfolios while focusing on assets that can produce steady income. REITs can help in both regards.
REITs, or real estate investment trusts, are companies that operate portfolios of properties, whether it's data centers, malls, fulfillment centers, healthcare facilities, or residential complexes. They make it possible for retirees to branch out into real estate without actually having to own or maintain physical property as investments.
