People in their 60s and older often have the ideal combination of attributes to launch a business, including experience, an extensive social network and a working knowledge of the products or services people who work in your industry need. Just don’t invest money that you can’t afford to lose in a business.
Investing for Retirement: How to Design A Plan that Anticipates the Unexpected
Almost every neighborhood has busy working people who could use help walking their dogs or watching their pets when they go out of town. And plenty of overwhelmed parents who need baby-sitting help likely live on your block. Let your neighbors know you’re available and interested in this type of work, and your phone will start ringing.
Company Culture Some 401(k) plans offer better benefits to plan participants than others. Part-time employees can earn more than $20 per hour in these positions.
Boost your retirement income. Sort through the misconceptions of estate planning to create a prosperous future for your family.
Buy and Hold Strategy Tom Sightings | June 28, 2018 Part-Time Retirement Jobs That Pay Well 10 Ways to Make Extra Money in Retirement
[Read: 6 Ways to Diversify Income Streams in Retirement.] [See: 10 Costs You Can Eliminate in Retirement.]
Rachel Hartman | July 25, 2018 Investing 10 Retirement Benefits You Need to Have Pick a Beneficiary for Your 401(k) Plan
[Read: 6 Ways to Diversify Income Streams in Retirement.] Health Insurance for Retirement Overseas Bonds 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:
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.
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.
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.
Rachel Hartman | July 5, 2018 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.
Jobs 401(k) Mistakes to Avoid Rankings and Tools Post to Reddit Tags: retirement, money, investing, housing Avoid Returning to Work After Retirement
Create a retirement that is sustainable and financially secure.
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BACK Rachel Hartman | July 5, 2018 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.
Debt Rodney Brooks | July 10, 2018 Those who understand the 401(k) rules can take care to minimize penalties and fees. 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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Passive Income for Seniors

Prepare for One Spouse’s Retirement Retirement 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.
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. x of x
Travel The Most Important Ages for Retirement Planning: Age 65
Rodney Brooks | July 20, 2018 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:
You can withdraw less from your savings each month or even pay for a few luxuries if you’re willing to earn some extra income in retirement. Here are some ways to bring in a little extra cash, hopefully without cutting too much into your leisure time.
6 Common Myths About Estate Planning News & Opinion Loans You can withdraw less from your savings each month or even pay for a few luxuries if you’re willing to earn some extra income in retirement. Here are some ways to bring in a little extra cash, hopefully without cutting too much into your leisure time.
Load More Throwback Thursday: News You Can Use [Read: 10 Resume Mistakes That Make You Look Old.]
Contact Kathleen Peddicord | July 17, 2018 How to Open a Bank Account Overseas 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.
Health 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.
Financial Advisors Get a part-time job. Part-time employees can earn more than $20 per hour in these positions.
Hidden Fees to Be Aware of in Retirement Copyright 2018 © U.S. News & World Report L.P. Rankings and Tools
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Medicare When only one spouse retires, you need a plan to live on a single paycheck.
Rachel Hartman | July 5, 2018 Sponsored by Kathleen Garvin is an editor at The Penny Hoarder. Careers 401(k)s Best Mutual Funds
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