Earning After Retirement: Ways to Finance a Comfortable Lifestyle

Old people biking

Economic challenges cause retirees to worry about sustaining their lifestyle. Plunging housing prices that rob homeowners of their equity, shrinking nest eggs, and continuously increasing prices of essential goods are just some of the many reasons. Retirees hoping for a comfortable assisted living facility are concerned about how long their savings may last.

Fret not. There are still plenty of ways one can make money after retirement. Here are some of them:

Sell some of your stuff

You may have accumulated clothes, books, and furniture that you no longer need. Hold a garage sale or sell your stuff online for some quick cash.

Old people biking

Offer dog walking services

Walking dogs is a great exercise to stay fit while having fun. Many working individual and families are too busy to give their pets their needed exercise, so you can offer to do it for them instead.

Tutor young kids

Tutoring isn’t just for retired teachers. If you’re good in math, reading or other basic subjects, tutoring can be a potential source of income. Advertise your services through social media or word-or-mouth. Ask you assisted living staff to help with the schedule and transport if necessary.

Get a rewards credit card

As you will still be spending money on food, gas, and clothing, you might as well apply for a credit card that pays 1 to 2 percent cash back on essential everyday purchases.

 

Sources:
http://springhouseboston.org/traditional-assisted-living/
http://www.bostonglobe.com/lifestyle/2014/02/04/you-retired-now-what/aivPioXPqs7wKGA9OYWMzK/story.html