Produced in partnership with Betashares.

There is a growing number of ways to generate income, aside from working for it, which is good news for the nation’s 5.6 million baby boomers.

Over the next decade, around 2.5 million workers will transition from employment to retirement, joining around 4.5 million already retired Australians.

According to research by Investment Trends, the main goal of investors between age 55 and 64, and those over 65, is “building a sustainable income stream”, followed by “achieving a balance of capital growth and managing risk”.

In fact, across the board, investors are prioritising income and capital stability over capital growth, the only exception being those between age 18 and 34 who…