In the realm of retirement planning, the quest for passive income is a beacon of financial security. With a modest $15,000 at hand, the challenge lies in harnessing its potential for a steady stream of income. This article delves into two intriguing investment avenues, offering a glimpse into the world of ASX stocks and the allure of passive income. Prepare to embark on a journey through the intricacies of real estate investment trusts (REITs) and listed investment companies (LICs), where diversification and resilience reign supreme. But beware, for the path to financial freedom is not without its twists and turns, and the author's commentary adds a layer of intrigue to this financial adventure.