10 Ways To Supplement Your Income In Retirement

A part-time job in retirement can be a great way to supplement your Social Security payments and retirement savings. If you live on a fixed income, the extra money can make sure you live comfortably and have the funds to afford new pursuits. 

Here are a few ways retirees can earn additional money.

Sell Your Belongings

If you have old electronic devices, appliances, bikes, clothes, or other items you don’t need or use, consider listing them on Facebook Marketplace, eBay, OfferUp, and similar platforms. When you create a post, include a picture and description of the item, what shape it’s in, and the price. 

Alternatively, you can always fix or refurbish items found in your community and resell them online. 

Work With Elders

Visit your city’s website to find job openings in need of someone to assist local seniors. These tasks can range from housework, meal preparation, grocery shopping, or transportation. Mark Charnet, the CEO and founder of American Prosperity Group, told US News My Money, “If you once worked with numbers or bookkeeping, there are opportunities to help seniors pay their bills a few times a month.”

Share Your Vehicle

Services like Turo and Avail take ride-sharing to the next level by matching car owners with individuals looking for a vehicle to rent. When you register with one of these platforms, you receive compensation for letting others borrow your car. These companies usually offer insurance to protect you from potential liabilities. 

Sell Your Art

Whether you dabble in photography or have a lifelong love for it, consider turning your hobby into something to make you money. It’s as easy as creating an account on stock photo platforms such as Fotomoto, Adobe Stock, or Shutterstock and uploading your pictures.

Care For Pets

The only thing better than being around animals is getting paid to care for them. Apps like Rover can connect you with pet owners needed pet sitters, dog walkers, and more. 

Offer Your Web Skills To Others

If you know your way around computers and other technology, consider approaching businesses that conduct some degree of their operations online. “More people working at home means these skills are in greater demand and many can be done remotely,” notes Tanya Peterson, Freedom Financial Network’s vice president of brands.

Help At Local Sports

If you love sports and working with the youth, becoming a referee, umpire, announcer, concession worker, or ticket taker for local games is a great way to earn a little extra cash. 

Put Together Furniture

Did you know that you can get paid to assemble furniture? Companies send you items, you construct it at home and return the finished piece, and the company pays you. 

Nanny

Nannies are always in demand, and if you have a background in child care, you should have no problem finding parents in need of a babysitter after school, in the evenings, or during the weekend. 

Delivery Driver

We’re not talking about pizza or food delivery, although those are also ways to supplement your income in retirement. Services such as Postmates pay you to drop off packages and other products to those living in your community.

 

Source
  • Hartman, Rachel. “Great Ways to Earn Extra Cash in Retirement.” U.S. News & World Report, U.S. News & World Report, 7 Oct. 2020, money.usnews.com/money/retirement/second-careers/articles/great-ways-to-earn-extra-cash-in-retirement.

 

 

 

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