1. Delay Social Security benefits: By delaying your Social Security benefits, you can increase the amount you receive each month. This can be a valuable strategy for increasing your retirement income.

2. Consider annuities: Annuities can provide a guaranteed income stream in retirement, which can be beneficial in a low-interest rate environment. Look for annuities with competitive rates and low fees.

3. Diversify your investments: In a low-interest rate environment, it’s important to diversify your investments to maximize returns. Consider a mix of stocks, bonds, real estate, and other assets to help grow your retirement income.

4. Cut expenses: To make the most of your retirement income, consider cutting expenses where possible. This could include downsizing your home, reducing unnecessary spending, and finding ways to save on everyday costs.

5. Work part-time: If you’re able and willing, working part-time in retirement can provide an additional source of income to supplement your retirement savings. This can help you make the most of a low-interest rate environment.