Retirement benefits are not enough for many retirees in the USA. The current economic situation is reducing the purchasing power of the whole population, but it affects the most to those with limited resources. A staggering 8.7% COLA increase can easily tell you about the increase in prices. Using creativity is the best way to come up with new ideas to have other sources of income. If you cannot think of any, here are some possibilities.
The first thing you need to bear in mind is that you are an English native speaker. There are millions of people trying to learn English all over the world. Finding a reliable partner to learn a language is a real challenge for some language learners. You could talk to some English learners in your town or to some English teachers nearby. This could be easy money for retirement as well as a pleasant activity by just talking in English.
If you happen to be good at dealing with technology you might be able to do it online too. Look up some information on the net to get some extra cash for retirement. Another simple thing you could do is to rent a room. It could be for visitors like tourists in your town or to some students who cannot afford to pay rent in University dormitories.
Have you ever thought about looking after other people’s gardens or plants?
Many people do not know who to ask to water their plants or cut the grass. It could be another easy task if you are keen on plants and you are great at taking care of them. Remember that many people regard their plants as part of their family, so do not take it up unless you know how to look after them. Listening to the plant owners would be wise too. It might be worth trying these retirement extra income tips.
Those who are into animals could also host in their house a pet for a while. When pet owners go on vacation they find it really hard to leave their pets behind. It is not always possible to take them due to the high cost. Or simply the rejection of hotels to let dogs or cats in. Whatever the reason is, you might be interested in it to get some money for retirement.
Why not become a personal coach to get some additional money for retirement? For sure, you must have become an expert in doing something. Therefore, it is time to share the knowledge you gained throughout your life. Take for example you are great at cooking or at photography. There are many people who would be happy to learn from an experienced person and pay some cash for it. It will definitely depend on your skills or previous job, being a consultant to provide them with some helpful advice could give you some extra income for retirement.