This week, I’m talking about how to grow your income in retirement.

Today, I’m talking about how you can grow your income in retirement and work on your terms with a side gig. 

It’s becoming more and more common for retired people these days to not actually retire. And that’s great news, because staying productive in your retirement years, has well-documented health and psychological benefits, and it also has financial benefits as well. 

Taking on a part-time job in retirement could help you bridge the gap if you haven’t saved enough for retirement, and it can also help you delay starting social security, which as I talked about earlier in the week, is one of the best ways (if not THE best way) to grow your income in retirement. 

So what are some side gigs you can start in retirement? The answer varies for everyone, but if you have a specialized skill set and decades of knowledge and experience, consulting work is one of the best side gigs you can take on in retirement. You could also become an uber driver, work at your favorite non-profit, become a mediator or a professional organizer. If you know a foreign language fluently you could become a translator, or perhaps there is an opportunity to continue working in your current profession only 10-20 hours a week.

The opportunities are endless, and the good news is that usually by the time you hit retirement age, you have a good grasp on the intersection of what you’re good at, what you are passionate about, and what the world needs that could also provide you with additional income in retirement. 

That’s it for today, but before you go...If you haven’t already left a review for the One Minute Retirement Tip, please consider leaving an honest review in Amazon or Apple Podcasts. I read them all, so feel free to leave any feedback or topic suggestions there too. 

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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