Your Supplemental Retirement Income

Sunday, January 31st, 2010 at 9:42 pm

You desire to retire but feel you don't have enough money to do so. You have lots of company...like me. Let's make lemonade out of the lemons the current economy is producing.

Say you are 50 plus, have a modest nest egg, and want to retire badly. This is a good thing. Why? The job or profession you will choose to supplement your retirement income will be one of your own choosing.

For instance, you have saved enough to keep food on the table and a roof over your head...but not much else. If you have these basics covered, you do not have to look solely at salary in determining how to supplement your retirement. You can do what you want.

Let's say you are a good fisherperson and know a particular body of water...look into becoming a fishing guide. A good guide can make $300 a day, doing what he or she (there are some excellent lady guides) enjoys. This is only one example of turning your hobby into a income stream to supplement your retirement income.

Know zip, nada, zero about fishing?...no problem. Identify what you enjoy and are passionate about...and look for ways to monetize it. Like to write, do that...like to cook, there are ways to make money cooking besides working at Denny's. Let your imagination go, there are many ways to enjoy what you are doing and make money at the same time.

In 2002 a study was made for a aerospace company that found that workers who took early retirement at 50 lived to be 86. Those workers that worked until 65 lived an average of 18 months. I draw 2 conclusion from this study. One, this company must work its workers awfully hard; and two, the ones that retired at 50 took second jobs doing something they enjoyed. The reduced retirement income at 50 was enough to cover the basics...they did not need to make a lot at job 2.

If you are puzzled at how you can turn your hobby or passion into cash, there is a way. I use it myself and you can too. If you would like to find out how I am doing it see below.

Find the keys to experiencing a supplemental retirement income by visiting Gary Pierce's website. He shares his knowledge on how to pick the ideal frugal retirement living lifestyle for your needs.

categories: supplementing your retirement income,supplemental retirement income,retirement income,earn money,work at home,second job,second income

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