Side Hustles for Retirees
The best side hustles for retirees offer flexible hours, low startup costs and income that does not jeopardize benefits. Here is how to compare options and avoid scams that target seniors.
Key facts
- Filters: flexibility, cost, physical demand
- Options: consulting, tutoring, pet care, crafts, part-time retail
- Check: how earnings affect Social Security
- Warning: avoid pay-to-work offers
Start With Your Skills
Decades of experience are valuable. Consulting, mentoring, bookkeeping, tutoring and freelance writing need little equipment. See side hustles you can do from home.
Hands-On and Local Work
Pet sitting, tutoring, craft sales and seasonal work bring social contact. Pick work you enjoy so it stays sustainable.
Direct Selling and Retirement
Some retirees try direct selling for community and a discount. Treat the purchases as a cost, set a spending cap and read home business ideas and our success guide first. AARP’s 2018 study found 47% of participants lost money.
Know the Rules
Earned income may affect certain benefits, so check with the Social Security Administration or a tax professional. Never pay up front for a job or share account details.
Key Takeaways
- Use experience-based skills.
- Choose enjoyable work.
- Cap spending on any direct selling start.
- Check benefits and tax effects.
Frequently Asked Questions
What is the easiest side hustle?
Skill-based services usually cost the least to start.
Will work affect my benefits?
It can; confirm with official sources.
Is MLM good for retirees?
It suits few people; evaluate costs carefully.
How do I avoid scams?
Never pay for a job offer.
Sources
- AARP Foundation MLM Research Study (2018)
- FTC: Business Guidance Concerning Multi-Level Marketing
- FTC consumer advice: Multi-Level Marketing Businesses and Pyramid Schemes
QastMe does not endorse any company. Information is for education only and is not financial or legal advice. Earnings in direct selling vary widely, and most participants earn little or no money. Review each company’s income disclosure statement before deciding.
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