19 Best Income Ideas for Fast Cash in Retirement

I was shocked when I read that 21% of retirees have nothing saved for retirement.

These days, even if you are able to accumulate a nest egg, low interest rates make it really difficult to earn much income. So having extra sources of income becomes even more important.

Here are 19 of the best income ideas for retirement.

*Disclosure: My aim is to recommend products that will truly benefit you.    I believe in transparency and want to disclose that I’ve included certain products and links to those products on this page that I will earn an affiliate commission for any purchases you make.

1. Check Out the Senior Job Bank

Just because you’re over 60 doesn’t mean you aren’t dynamic and enthusiastic contributors to the world. Connect with employers who understand that and are actively looking for seasoned employees through Senior Job Bank. It’s nice to feel appreciated for the talent and wisdom you’ve accumulated over a lifetime.

2. Paid Consumer Research and Surveys:

• Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.
• Vindale Research: ($2 Registration Bonus)Vindale Research is by far one of the best survey sites due to the fact that surveys can pay as much as $75 per survey. However, these surveys are quite rare and people usually earn closer to $10 – $12 per hour.  More about Vindale Research here.

  In this post we reviewed the details of 17 of the Best work at home companies hiring.  These are legit companies that appreciate the talent of people who choose to work at home.  I hope you found something that suits your skill set.

• SwagBucks:   Swagbucks is the largest online rewards site that gives free gift cards to its members for their online activities, such as Taking Surveys, Shopping, Searching the Web, Watching Videos, and Playing Games.
• E-Poll:  E-Poll provides a convenient online forum to express your opinions on a variety of issues that affect your daily life. Earn a 100-point signup bonus when you register, which takes only about 5 minutes.  Begin earning now with E-Poll.  Inbox Dollars:  Be rewarded for watching tv, taking surveys, or making purchases online. Earn a free $5 signup bonus just for joining to start you on the right track!  Begin earning withInbox Dollars.
• American Consumer Panel:  Easy to sign up. 6 Million Members. American Consumer Opinion: 

 

3. Become a Certified Closing Agent.

You Earn Extra Income,  Set your Own Hours, and the Income is Fantastic! ($75-$200 per appointment).

•You can make $75 to $200 in a single signing, and a signing takes about an hour. Total work time including preparing and driving to the signing is about an hour and a half to two hours when you’re starting out. And a lot less as you become more experienced. Part time loan signing agents generally do one to three signings per week, – about $300 to $500 dollars extra a week. while full time agents can do 3-8 signings in a day which is about $400 to over $1,000  dollars in a day.

• You can start part-time and work around your existing work schedule since most signings occur on evenings and weekends.  Simply pick up work when you want, and keep your day job [click here to read why it’s the perfect part time income].

• You can get started with absolutely zero experience. There’s no resume checking prior to a loan signing. You are hired simply based on your location in proximity to the loan signing.

• Next, you can work from home and be your own boss. Owning your own business can allow you to take advantage its many benefits, such as tax write-offs.

• You have the ability to make money almost immediately.

It pays nearly 9X more than driving for Uber.  However, it requires you to take a class and invest time and money.  If you can do that, then you can start making up to $200 per signing.  Learn More about the Loan Signing System here.

 

4. Teach at a Senior Center

Do you have a special talent in the arts – music, visual art, performance art or writing? Offer paid classes at senior centers. Fees are typically nominal – under $50 per person. Participants meet a couple times a week for several weeks.

We aren’t talking cutting out snowflakes or making clay ashtrays; we’re talking real artistic engagement. Think about what’s possible, and decide how you can share your talents with others.

5. Ebay:  This might be the fastest way for most people to generate quick cash.

I wrote a post detailing how I made $493 in a few weeks and made money on Ebay.  Details and tips here.

 

 

6. Join a Corporate Board

If you are at the end of a successful corporate career, getting a position on a corporate board may be the next step for you.

Boards are heavily populated with retirees – most were CEOs or upper management during their careers. Twenty percent by 2020 is an organization dedicated to helping successful women gain board positions.

 

 

7. Find Money Owed to You

True Story:  About 15 Years ago after I had left my last job I got a weird message on my answering machine.  Something about money owed to me.  At first, I assumed it was a scam.  But, the message had lots of details about me and the check.  I did some research and I was owed money.  My last employer sent my last paycheck to an old address and did not reach out to me.  Instead, they waited and the money went to the New York State Unclaimed money bureau.  Thanks guys.  Eventually, I wound up getting my $1,852 back and I was Very Happy.  So, finding money owed to you is a very worthwhile exercise.  More on finding money owed to you.

 

 

8. Get Paid to Drive:

 Get paid to Drive for Amazon:

Amazon Flex  Make $18-$25/hour  Be your own boss, set your own schedule, and have more time to pursue your goals and dreams.

 

9. Become a Mediator

Facing potentially sky-high legal bills, many opposing parties instead opt for mediation rather than drag disputes out in court. This presents an opportunity for people who have good conflict resolution skills. For more information on becoming one, check out the National Association of Certified Mediators.

 

10. Organize Relocation Tours

With economic uncertainty in the US, Canada, and Europe, retirees are packing up and searching for more affordable locations. If you happen to live in one of the top destinations for expats, you could provide a valuable service introducing them to your country.

For a great example of how you can start your own relocation tours, check out how retiree Jackie Lange has been doing it for two years in Panama.

 

11. Create a course and teach others :

Before you think that you have nothing to teach, I want to tell you that you most likely do! Online courses are extremely popular right now, and you don’t need to have a blog in order to be successful with an online course. Teachable is one of the Best companies. More about Teachable here.

 

12. Teach English as a Second Language

Teach English as a Second Language online at Kukuspeak. You meet with Chinese students one-on-one from your home computer via the Kukuspeak website. You don’t need a degree or certification, just a strong command of the English language.

Opportunities exist to teach at every level. What better way to meet people from another culture without leaving home?

 

13. Earn Money as a Copywriter:  Advertisers and businesses are often looking for copywriters to help them advertise their clients’ or their own products and services. In today’s virtual world, many companies are happy to hire virtual copywriters to help market their businesses.

 

14. Baby sitting:  One of the most consistent side hustle Ideas. Great pay on weekends and holidays.

 

15. Freelance Proofreading: a great side hustle idea for those with an eye for detail.

 

16. Grant proposal writer

Grant writing is highly specialized and can be time consuming, so people who specialize in it can be real value-adds to grant seekers. Check out the Grant Professionals Association for more information.

 

17. Specialty tour operator

Ideal for people who live near tourist meccas, opening a specialty tour business can help people marry interests in a topic with social interaction and even some exercise.

 

18. Nonprofit worker

Getting in touch with a nonprofit you already volunteer with or with another whose cause is interesting to you can be a great way to find a fulfilling way to fill the extra hours.

 

19. Babysitter or nanny

With many families headed by single parents or two-income earners, parents are more time-strapped than ever and reliant on caregiving services.

 

It seems that many people will wind up working in retirement.  It is the new normal.  However, that doesn’t mean you have to work in a monotonous boring job.  I hope you now have some great ideas to find extra cash in retirement.  These side hustles can get you on your way to extra income as a retiree.