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4 Ways to Supplement Your Retirement Income by Alfred Ardis





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4 Ways to Supplement Your Retirement Income by
Article Posted: 09/16/2015
Article Views: 113
Articles Written: 2638
Word Count: 522
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4 Ways to Supplement Your Retirement Income


 
Business
Retiring is a great feeling. You do not have to punch a clock anymore and you are able to experience new freedoms. If you did not adequately plan for retirement or you have some unexpected expenses come up, you may need to find a way to supplement your retirement income.

Turn Your Hobby into Income

Are you someone who loves sports? You might be able to parlay that interest into a paying gig. You can work for a community center taking tickets, planning events, or even hosting visiting teams. Doing this not only gets you a little extra cash, but you can also go to your favorite sporting events for free. If you are particularly athletically skilled, you could be a private instructor.

Some retirees turn their crafts into cash by selling them at local boutiques, antique stores, or online. You may even take special orders to help make your hobby a thriving part-time business.

Consultation

Your years of experience in a specific field, or series of fields, can be a great way to supplement your retirement income. A good place to start is the last company you worked. Ask if they would be willing to take you on as a contractor or a consultant. You can help pick up some of the slack and bring your knowledge to the new people on the job while only being there part time. You may also talk to several "start-ups" in your field of expertise and see if any of them would find your specific skills and experience useful. You can do this on an as-needed or freelance basis.

Child and Health Care

Most retirees have children and maybe even grandchildren. Older generations have accumulated years of experience in the area of childcare. This is a sector that is high demand because more and more families require both parents to work. You can provide childcare in a facility, church, or even from your home. If you do decide to open a home-based childcare center, be sure to check with your state Department of Child's Services to ensure that you have your home up to code. You also need to see what legal paperwork you need to file in order to be licensed.

Healthcare is another area to consider for part time income. There is a demand for caregivers and you can offer your services, even if it is just sitting with someone during the day so their family can go out and run errands. If you are a retired nurse, this could be an area that you can thrive.

Temporary Agencies

If you are looking to add some supplemental retirement income to your bank account and do not know where to go, you can always check with a local temporary agency. These services have jobs in all fields and can help you find something that will meet the hours and days you want to work. This work is not permanent but it is usually offered in predetermined periods of time, from a few days to several months.

When considering retirement income, Portland residents visit The Secure Retirement Group. Learn more at http://www.thesecureretirementgroup.com/.

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