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15 Simple Ways Boomers Can Make More Money In Retirement

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Boosting retirement savings with side hustles isn’t just for the young and restless. Boomers, it’s your time to shine too. Fifteen unique side hustles that fit right into your lifestyle, ranging from turning passions into profit to leveraging decades of wisdom. According to Side Hustle Nation, 24% of baby boomers, ranging in age from 59 to 77, have reported engaging in a side hustle.

1. Driving for Ride-Sharing Services

Test Drive Thoroughly
Photo Credit: Depositphotos.

Enjoy driving? Sign up with a ride-sharing service. It’s a flexible way to make money, letting you choose your hours. Plus, it’s a chance to meet new people and explore your city. This option is perfect for friendly boomers who like to be on the move.

2. Local Tour Guide

Meeting
Photo Credit: Depositphotos.

If you love your city and its history, becoming a local tour guide could be rewarding. This hustle taps into the storytelling and people skills many boomers have. It’s also a great way to stay active and share your passion for your hometown.

3. Selling Handcrafted Goods

Selling Handcrafted Goods
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Crafting isn’t just a hobby; it’s a potential income stream. Selling handcrafted goods online or at local markets taps into the creative skills many boomers possess. It’s a solid choice because it can start as a hobby and scale up based on demand.

4. Freelance Writing or Editing

Freelance Writing
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With a lifetime of reading, writing, and professional communication, boomers can excel in freelance writing or editing. Workload and hours are flexible with this hustle. Plus, it’s in demand across various industries, from marketing to technical fields.

5. Renting Out Extra Space

Renting Out Extra Space
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If you have extra space in your home, renting it out can provide a steady income stream. This option is practical because it utilizes an existing asset. 

It’s relatively hassle-free, especially with platforms that help manage the process and connect you with renters. If you have an extra bedroom or two and enjoy having guests, listing your space on Airbnb could be a fascinating side hustle.

6. Pet Sitting

Dog at the plane.
Photo Credit: Depositphotos.

Loving animals make pet sitting a fantastic way to earn extra cash. Many pet owners seek trustworthy individuals to care for their pets while they’re away. This situation is beneficial for both sides. You enjoy time with furry friends and earn money simultaneously. Platforms such as Rover.com link pet owners with welcoming homes, offering boarding prices that usually vary between $30 to $60 per night.

7. Home Gardening and Produce Sales

Gardening Supplies
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Having a green thumb can be put to good use by growing vegetables, fruits, or herbs. Then, sell your harvest at local markets or to neighbors. In addition to promoting a healthy lifestyle, this hustle is profitable. It also fosters connections within the community.

8. Virtual Assistance

Virtual Assistance
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Organized and tech-savvy boomers can offer virtual assistance services. From managing emails to scheduling appointments, businesses need help. This role is flexible, allowing you to work from anywhere. It’s a great fit for those who are detail-oriented.

9. Participating in Market Research

couple celebrating documents
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Companies pay for opinions on new products or services. Participating in surveys or focus groups can be an easy way to earn. It’s simple: share your thoughts and get paid. This hustle fits well into any schedule, requiring little more than your honest opinion.

10. Consulting in Your Expertise Area

SEO Consulting
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Years of experience in a field turn you into a valuable resource. Offering consulting services allows you to capitalize on this wealth of knowledge. It’s smart because you can leverage your existing skills and network. Plus, it often requires minimal startup costs.

11. Social Media Management for Small Businesses

Elder man working on laptop
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Many small businesses struggle to keep up with their social media. Boomers can step in as social media managers. It’s a good fit because it combines life experience with the wisdom to engage diverse audiences. Plus, it’s a chance to learn new digital skills.

12. Tutoring or Teaching

Online Tutoring
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Sharing knowledge through tutoring or teaching is both fulfilling and financially rewarding. This path is ideal because it taps into the patience and wisdom acquired over the years. You can boost your savings and sharpen your mind by teaching others academic subjects, music, or art.

13. Personal or Life Coaching

elder couple looking on a tablet
Photo Credit: Depositphotos.

Boomers have a wealth of life experience. Offering personal or life coaching services can make a real difference in others’ lives. This role suits those who are good listeners and enjoy helping people navigate life’s challenges. It’s fulfilling and can be done on your schedule.

14. Specialty Food Production

Tel Aviv, Israel - February 23, 2022 Sarona Market is the largest indoor food market in Israel. You can find there about ninety shops, kiosks, grocery and restaurants offering food and drink
Photo Credit: Depositphotos.

Turning a recipe or culinary skill into a small business is another avenue. Whether it’s baking, jam-making, or creating gourmet sauces, specialty food production can be lucrative. It leverages culinary talents and can start from your kitchen, growing as demand increases.

15. Antique Restoration and Sales

Antique shop interior at the Ratchada Train Market, Bangkok
Photo Credit: Depositphotos.

For those with a knack for restoring furniture or antiques, this side hustle can be both enjoyable and profitable. 

It appeals because it involves giving new life to old items. Selling these restored pieces can tap into a niche market, especially online.

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