Retirement
These are the 3 best part-time jobs for retirees to increase your monthly income
Many Americans intend to work even after they reach retirement age. Here are some part-time jobs retirees can consider to supplement their income.
A significant number of Americans plan to continue working even after the age of 65. According to Pew Research Center, the number of older adults in the workforce has quadrupled since the mid-1980s.
There are several factors behind this, including changes in the Social Security system which have raised the age of retirement, rising healthcare costs, and economic uncertainty.
Whether you want to continue to working past retirement age for financial, social, or personal reasons, here are some part-time jobs that could help you increase your bank account and keep you busy in your older years.
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These are the 3 best part-time jobs for retirees to increase your monthly income
Consulting or freelancing
Retirees can use their career expertise and years of experience to advise businesses or work independently in fields like finance, marketing, engineering, or writing. They are ideal candidates to fill in the gaps in a company’s work force.
Possible roles in this area include business consultant, freelance writer, or graphic designer, among others. Job websites like Freelancer.com, Upwork, and SimplyHired can help you in your search.
Tutoring or teaching
Sharing knowledge can be both rewarding and flexible, with opportunities to teach in-person or online. You can choose this path if you are an expert in a particular subject, such as science or math. You can also become a language tutor and teach English as a Second Language or ESL. Those who prefer a more formal teaching setting can apply to be an adjunct professor or instructor at local colleges.
Check out Wyzant, eTutorWorld, and Preply for teaching opportunities.
READ ALSO: The 5 most effective ways to generate passive income in retirement
Monetizing hobbies and creative pursuits
Some people who retire want to be engaged in work that is not related to their previous field of employment. It’s the perfect time to for retirees with artistic skills to turn hobbies into income.
If you are into crafts, you can sell your creations on Etsy. If home improvement is your thing, you can find out if TaskRabbit is for you.
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