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Social Security: What other ways can I make money in retirement?

Millions of Americans collect Social Security each month, but sometimes that stretch can feel long.

additional money social security recipients can earn between checks

While you’re waiting for the next check, you may be wondering if there are ways to get more money.

While earning a full income could impact your benefits, there are ways to earn a passive income or prepare for your future.

How can I earn more money while I collect Social Security benefits?

There are many ways one could earn a little bit of money on the side when in retirement.

One way is to rent out your space.

You don’t need to own an entire home or apartment, but could just rent a room of your house out.

Social Security: Don’t miss out on benefit income worth $48,000

Some people are able to get by because they chose to work a career that offered them a pension.

Police officers, firefighters, corrections officers, and other public sector jobs often offer pensions.

Be sure during your working years to bolster your nest egg by contributing what you can to your retirement plan.

Another way to earn a passive income is to offer your hobby or something you enjoy as a service.

What benefits can you see if you retire when you’re 62?

This could be a craft or a skill.

Finally, if your home is empty and it’s just you or you and your spouse, you could consider moving somewhere smaller.

This option would help lower utility bills, ultimately saving money in the long run.

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