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.
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Passive Income for Seniors

Retirees have many opportunities to earn extra spending money with minimal effort. (Getty Images)
Help your neighbors. Sort through the misconceptions of estate planning to create a prosperous future for your family.
Deal With a Financial Emergency in Retirement Get more for your money. 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.
1. Rent out your property. Whether you buy a second property or rent out space in your own home, becoming a landlord can be a good way to generate passive income. Keep in mind, though, that becoming a landlord could also be a very active endeavor. Finding renters and maintaining a property can take a considerable amount of work. It all depends on how you structure things. One way to avoid the potential stressors of renting out a property is to hire a third party to manage the property for you. This will, of course, eat into your profits. But it will also let you make money from your rental properties with very little time investment during retirement.
Tags: retirement, money, second careers, income However, passive income has many benefits for retirees. It can provide you with the security of an additional income stream. You also have the freedom to pick the hours and projects that fit your lifestyle.
Rankings & Tools Emily Brandon | July 2, 2018 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.
When You Have a Lousy 401(k) Plan Money Kathleen Peddicord | July 17, 2018 Tags: retirement, money, second careers, income Prescription Drug Costs for Retirees
House-sitting stretches nest eggs by combining two big retiree expenses: travel and housing. Try out a hobby job. The Most Important Ages for Retirement Planning: Age 70 ½ Retirees have many opportunities to earn extra spending money with minimal effort. (Getty Images)
Aging Kathleen Peddicord | July 17, 2018 10 Retirement Lifestyles Worth Trying 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.
Rankings and Tools Part-Time Retirement Jobs That Pay Well Rachel Hartman | July 25, 2018 10 Ways to Make Extra Money in Retirement
Interviewing Advice 1. Rent out your property. Whether you buy a second property or rent out space in your own home, becoming a landlord can be a good way to generate passive income. Keep in mind, though, that becoming a landlord could also be a very active endeavor. Finding renters and maintaining a property can take a considerable amount of work. It all depends on how you structure things. One way to avoid the potential stressors of renting out a property is to hire a third party to manage the property for you. This will, of course, eat into your profits. But it will also let you make money from your rental properties with very little time investment during retirement.
100 Best Jobs Emily Brandon | July 17, 2018 Passive income accumulates while you relax. (Getty Images) More from U.S. News
Get a part-time job. Comb through the misconceptions surrounding annuities to better understand this retirement option. Tom Sightings | June 28, 2018 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.
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Search Job Openings Rent out a property. Some retirees earn an extra stream of income by renting out a property they own. But you have to be ready to do the work of finding tenants and maintaining the building, or to share the profits with someone you hire to take on those chores.
Avoid Returning to Work After Retirement Copyright 2018 © U.S. News & World Report L.P.
Dividends Funds Interviewing Investing Sort through the misconceptions of estate planning to create a prosperous future for your family. Funds
Globetrotting on a Fixed Income Rodney Brooks | July 10, 2018 Load More Load More By Abby Hayes, Contributor |Aug. 3, 2016, at 10:45 a.m.
Contact 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.
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.
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Newsletters 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.
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.
Bonds Sell your stuff. 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.
x of x Email Funds 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.
Debt Some 401(k) plans offer better benefits to plan participants than others. The Most Important Ages for Retirement Planning: Age 65
Become an entrepreneur. Careers Buy and Hold Strategy Guidelines for Investing a Retirement Portfolio See more Retirement slideshows:
6 Ways to Earn Passive Income When You’re Retired Spending Privacy Policy 2. Write an ebook. Whether you plan to pen the great American novel or your own memoir, consider writing a book. You won’t need an agent or a connection to a traditional publishing house if you check out self-publishing. After you write a book and upload it, you’ll continue to make money with each copy you sell. Services like Amazon’s Kindle Direct Publishing platform make it easy to self-publish your ebook, and you can earn up to 70 percent royalties on your sales. You could also publish your book as a paperback, but you’ll see fewer royalties and be responsible for printing costs.
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