x of x Spending Setting up a bank account abroad requires significant paperwork and answering some personal questions. [See: 10 Ways to Make Extra Money in Retirement.]
Rachel Hartman | June 27, 2018 Try out a hobby job. [See: 10 Ways to Make Extra Money in Retirement.] Health Insurance for Retirement Overseas
More from U.S. News You don’t need to keep working to generate these sources of retirement income. 100 Best Jobs
By Abby Hayes, Contributor |Aug. 3, 2016, at 10:45 a.m. 4. Try peer-to-peer lending. This is a newer way to invest your money for more immediate income. You can lend to others through lending cooperatives like Prosper or Lending Club. You’re basically becoming the bank for someone who needs to borrow money. With peer-to-peer lending, you take on higher risk, but also have the potential to reap higher rewards. The interest rates you can charge are higher than what you are likely to receive from a bond or certificate of deposit, and you’ll often get your return on the investment more quickly.
Banking and Credit Bonds By Abby Hayes, Contributor |Aug. 3, 2016, at 10:45 a.m. The senior citizen population is increasing in these retirement spots. Investing for Retirement: How to Design A Plan that Anticipates the Unexpected
Kathleen Peddicord | June 26, 2018 Newsletters Share on Facebook
Make smart, careful moves to cover unexpected expenses in retirement. Share on Facebook The senior citizen population is increasing in these retirement spots.

Passive Online Income Streams

Passive Income for Seniors

Newsletters Passive income is often generated by a rental property or a business that you own but don’t actively participate in. However, you may already be generating a passive income by investing. When you make good investment choices, your money generates more money with zero to very little effort on your part.
Leverage your expertise. [See: 10 Costs You Can Eliminate in Retirement.]
Buying the wrong home in retirement could be disastrous, both emotionally and financially.
If you can sew, bake, work with wood or otherwise create something someone else would buy, you can make money selling your wares online, at craft fairs or even from the end of your own driveway. Once you build up some word-of-mouth, customers will come to you.
Kathleen Peddicord | June 26, 2018 Retirement Savings Ahead of the Curve?
3. Create a side business. Creating a side business during retirement can be a good investment of your time early on, especially if you start the business with a plan to turn it into a passive income stream in a few years. Whether you run a local brick-and-mortar business or a website, you should start with the goal of eventually hiring others to run the business for you.
You might be able to lend your expertise to your former employer or other companies in the industry to make some extra cash. Let your former colleagues know that you would be open to taking on contract work when a need arises.
Save for retirement by implementing an investment plan that meets your specific goals. Rachel Hartman | June 27, 2018
(Getty Images) If you can sew, bake, work with wood or otherwise create something someone else would buy, you can make money selling your wares online, at craft fairs or even from the end of your own driveway. Once you build up some word-of-mouth, customers will come to you.
Make smart, careful moves to cover unexpected expenses in retirement. Rodney Brooks | July 20, 2018 Sort through the misconceptions of estate planning to create a prosperous future for your family.
If you already own a business, even if it’s currently just a side business, consider ways you can turn your active income passive. Start hiring writers to create content for your website, or begin training reliable managers to handle your family business. Then when you get to your retirement years, you can continue to reap the rewards of business ownership without all the daily maintenance running a company often entails.
Emily Brandon | June 25, 2018 Best Stocks Guidelines for Investing a Retirement Portfolio 100 Best Jobs On Retirement
The Most Important Ages for Retirement Planning: Age 50 Shop around for a better interest rate on your savings account or certificates of deposit and get rid of high-cost investments that are reducing your returns. Make sure that your savings is earning as much for you as it can.
Rachel Hartman | July 5, 2018 8 Myths About Annuities in Retirement Here’s how to tell if you are an exceptionally good retirement saver.
Popular Stories Share in LinkedIn Investing 101 You have a lifetime of accumulated possessions clogging up your garage, attic and basement. Clear out those spaces and see what items you can sell. You can try a traditional garage sale or write up a description and sell it on Craigslist, eBay or another website.
Avoid Returning to Work After Retirement Tags: retirement, money, second careers, income
Tom Sightings | June 28, 2018 Health If you already own a business, even if it’s currently just a side business, consider ways you can turn your active income passive. Start hiring writers to create content for your website, or begin training reliable managers to handle your family business. Then when you get to your retirement years, you can continue to reap the rewards of business ownership without all the daily maintenance running a company often entails.
10 Retirement Benefits You Need to Have When only one spouse retires, you need a plan to live on a single paycheck.
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