As we all know, saving for retirement does not stop at retirement. Today, seniors need to diversify their investments, strengthen their savings, and learn all about retirement income. Retirement income to some may sound like not being retired. But the truth is retirement income is a necessary aspect of retirement, especially in today’s inflated bear market economy. Luckily, there has also never been so many different opportunities for building retirement income with technology, as Entrepreneur Magazine’s April Miller writes.
Build Retirement Income with Technology
Building retirement income with technology may sound daunting to the uninitiated, but it’s easier than you might think — thanks to technology. All you need is a computer. For example, seniors with considerable collections can buy and sell antiques online, from the comfort of their own home, on sites like Ebay, Amazon, and Etsy.
Another example, investing websites like NerdWallet and Robinhood, make it easy to casually invest in the stock market. Long-term investments are better suited for a bear market, but you can still buy stocks cheap and watch them grow as we eventually recover.
For seniors who need extra income but may not want to start a business or enterprise, remote work is an excellent option. Remote work allows you to work however many hours you want, socialize, and earn extra money to cover your expenses.
If you worked in an industry your entire career, congratulations, you’re an expert. Google and YouTube love experts. You can start a blog or YouTube channel with a couple of clicks, entirely focused on your expertise in your fields. It may be unconventional for a senior to consider, but it is absolutely a revenue generating option.
Social Security is an incredible asset but retiring demands more of us. Stay ahead of retirement costs by pursuing a passion or find a creative way to make some extra dough and build retirement income with technology. As always, for more retirement tips and tricks, make sure to follow the Council for Retirement Security.