If you’re the kind of person that misses working day in and day out and contributing to the community, then you may want to consider working part time hours after retirement to supplement your retirement income.
This can easily be done in a number of ways – especially if you have valuable experience or skills in a certain field!
Turn your hobby into a business
Being particularly crafty at knitting, sewing or designing are great skills to have and can definitely be an advantage when you’re looking for extra income.
Check to see if your town has a local farmers market or craft fair. Renting space for a table can be cheap, and you can employ your grandchildren or family members as helpers.
Alternatively, if you’re a computer whizz, then you can use websites such as Etsy or Ebay to sell your creations online.
Passing on your skills
Possessing a green thumb is a very valuable skill to have. If your garden is always flourishing, then why don’t you consider hosting gardening classes for the public? You could do this at your home, or rent a small space – such as a classroom or community hall.
If you have a lot of music experience, then maybe you could consider teaching music at your home. This way, you can take in the amount of students that you feel comfortable teaching and work your own hours in the comfort of your own home.
Charging a small fee to each member for enrolment means that you can secure yourself an income for teaching people things that you love doing.
Taking care of others
As a retiree, you have a lot of free time to do as you please while others are at work. A great way to earn some income is to become a babysitter or nanny. This way you get to spend a lot of time with children during the day – helping to take care of them while their parents are at work.
Before doing this, however, you need to make sure that you have the time and energy to commit to taking care of young children – it can be a very tiresome job!
Another option, is to work part time as a carer for other retirees that need help. This may just be basic things that you still do for yourself – like helping with a couple of household chores, picking up groceries, driving them places or cooking.
Whatever you decide to do to supplement your retirement income, make sure you speak to a financial planner first so that you can determine what is best for you, and if it will affect any entitlements that you may receive.