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Retirement can be expensive.
However, there are plenty of ways tomake moneythat dont require much effort.
Heres a look at fivepassive income streams retirees can use to each extra cash this year.
Simply choose a bank, open your account, transfer funds into it and collect interest each month.
Theres no shortage of banks offering high-yield savings accounts, but most areonline banks.
Take a look atGOBankingRates best high-yield savings accounts of 2025to get started.
Rental sites generally charge a commission fee for rentals, but youll get the rest.
you might rent your car out on a schedule that meets your needs.
This can allow you to bring in a serious amount of cash.
The average annual income with one car is $10,868, according to Turo.
Sell Stock Photos
If you enjoy taking photos, turn this hobby into a passive income stream.
Theres no shortage ofstock photo sitesthat will allow you to post your pictures and sell them.
This can also be a fun way to earn passive income.
Opting for an e-book is an easy way to get published quickly, efficiently and affordably.
When you finish your book, publish it on a platform such as AmazonsKindle Direct Publishing.
This can generate a profit that adds up over time.
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