Simple ways to boost your retirement income

Read on and get tips on how to boost your income so you’ll enjoy comfortable retirement.

12:51 28 April 2013

Retirement is an exciting time for a lot of people. This means no more working every single day and having all the time to finally do exactly what they want. However, in order to have a comfortable retirement, you need to have enough income. 

 

If your pension isn’t enough, here are some tips to keep in mind:

 

1.    Downsize your home. A lot of retirees consider this option seriously when thinking about boosting their retirement income. By selling your current home and buying a smaller one, you will not only make money from the sale but you’ll also be able to save from insurance and maintenance.

 

2.    Reduce your bills. Take the time to figure out where you put your money every month. Are you paying for insurance, utility bills, and other expenses? Then, figure out how you can minimize your bills. For example, you can reduce your car insurance premium by increasing your deductibles.

 

3.    Look for a part-time job. There are a lot of jobs that you can take advantage of when you’re already retired. If you’re familiar with the Internet, there are ways on how you can make money online while at the comforts of your own home. Depending on your skills and passion, you can be a virtual assistant, translator, freelance writer, etc.