How to increase income after retirement

It’s unfortunate, but many people retire only to discover they simply don’t have enough cash to survive. Whether retirement income doesn’t even make ends meet, or it’s not enough to let people enjoy a few of the finer things in life, many individuals look to supplement their pension with a little extra income. But what are the options available to those who want to earn a little extra money?

For many skilled professionals, such as nurses, medical practitioners or accountants, there are some great retirement careers to slip into. There’s a huge abundance of work for retired nurses should they want to take up a few shifts here and there, and individuals can pick and choose their hours so they’re not working full time. Home care is a popular area for retired nurses to work in, and this job can be very flexible so people are able to slot work around their leisure time. For accountants, book keeping and consulting can be an ideal career field. Individuals could find part time work with a company or set themselves up as a contractor, taking on just a few clients to keep a small stream of revenue coming in.

For those who haven’t got key career skills that they can rely on in later life, there’s no reason to worry because there are still a plethora of options available. It’s important to be innovative and think about all the areas in which work could be found. Temporary agencies can be ideal for those who don’t mind working full-time for several weeks of the year before taking time off. Alternatively, people don’t necessarily have to have one job, but might like to work at a coffee shop for a few hours one day and behind a deli-counter on another day. The important thing to remember is that people need to enjoy their retirement, so if a job gets too much, it’s vital to take the opportunity and find something new.

Working from home can be a great option for many people, and there are a great variety of options for retirees to indulge in. Craftwork has always been popular, and there are many online marketplaces, such as eBay and Etsy, where items can be sold. Baking and cooking can also be a fun way to earn money, and individuals can visit farmers’ markets or even approach local shops that might want to buy their products. Copywriters can earn a nice supplemental wage, whilst there’s also an increase in the use of virtual PA’s and administrators, allowing people to have the luxury of working from home and fitting work around leisure time. For animal lovers, looking after other people’s pets might also be perfect.

It’s extremely important for all retirees to properly investigate any work they intend to do before starting. Extra income may well exceed personal income thresholds, resulting in tax needing to be paid. However, for those wanting to supplement their pension, it’s the ideal time to get creative and find some fun ways of making cash.