5. Put ads on your car. Imagine making extra money as you drive around town. Carvertise pays approved drivers to place removable advertisements on their vehicles. Typically, drivers need a clean driving record and must be on the road a certain number of miles a day. If you drive a lot in retirement, this gig could defray some of your travel costs.
Baby Boomers Privacy Policy Advertising 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.
Personal Finance Real Estate 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.
Best Mutual Funds 529s If you’re looking to pad your bank account or stretch your retirement savings without working longer hours, passive income could be a good option for you. Passive income is money you earn that isn’t directly tied to the hours you work.
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Share Kathleen Garvin is an editor at The Penny Hoarder. Comb through the misconceptions surrounding annuities to better understand this retirement option. Share on Facebook
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When only one spouse retires, you need a plan to live on a single paycheck. Kayleigh Kulp | July 20, 2018 Salaries and Benefits 10 Ways to Make Extra Money in Retirement
The Most Important Ages for Retirement Planning: Age 65 Emily Brandon | July 23, 2018 5. Put ads on your car. Imagine making extra money as you drive around town. Carvertise pays approved drivers to place removable advertisements on their vehicles. Typically, drivers need a clean driving record and must be on the road a certain number of miles a day. If you drive a lot in retirement, this gig could defray some of your travel costs.
Kathleen Garvin is an editor at The Penny Hoarder, a personal finance website that covers a variety of ways you can save and make money. You can follow her on Twitter @itskgarvin. Baby Boomers
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Here’s how to tell if you are an exceptionally good retirement saver. About U.S. News Copyright 2018 © U.S. News & World Report L.P. Advertising You can rent out a room in your home to vacationers looking for a unique and affordable place to stay or offer to taxi people to the airport in your car. A variety of online companies can help connect you to people who want these and other services you might be able to provide.
Funds Employment The Most Important Ages for Retirement Planning: Age 66 [See: 10 Ways to Reduce Your Housing Costs in Retirement.]
Tom Sightings | July 13, 2018 Avoid Returning to Work After Retirement 3. Sell your photos. If you have a knack for taking good cell phone pictures, you could make money selling your original images. Foap is a free smartphone app that allows you to list photos for sale. If someone buys your image for $10, you’ll walk away with $5 after Foap takes its cut. If you upload many different images, you could catch the eye of someone in the market for a particular photo. You can also add tags to your image to increase your chances of having your photo picked up. For example, you could tag a photo of your dog as “dog”, “pet” and “beagle” to boost its chances of showing up in searches. Also, instead of heavily edited or filtered photos, you’ll want to focus on taking crisp, yet realistic images.
Loans Taxes Share on Google Plus Spending Passive income streams are ideal for retirees, because they help diversify your sources of income. And since passive income streams are relatively hands-off investments, they shouldn’t cut into your leisure time too much. Here are four options for earning a passive income in retirement:

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Passive Income for Seniors

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Best Stocks Most passive income streams require effort up front. You have to save up for the rental property or build up the business. Or you have to invest enough earned income to generate a decent stream of interest-driven income. But once you do the work, some types of passive income streams will provide you with regular payments with a minimal amount of continuing effort.
Privacy / Terms & Conditions 1. Use cash back apps. Some apps allow you to earn money back on items you buy. For regular purchases like food, this is a great way to bring in some extra cash as you shop for necessities. Once you download the app and follow the instructions, you may receive a portion of the purchase price back. Other services allow you to earn cash back on your online purchases. You’ll want to make your shopping list ahead of time and stick to rebates for items you actually need to avoid overspending.
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