GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

senior-thinking

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.

Experts recommend seven reasons why you shouldstart one in retirement.

facebook sharing button

Inflation has raised the cost of everything, from groceries to healthcare.

The potential income is a bonus, creating a financial buffer that could be useful later.

A side gig provides a predictable income stream to balance out that uncertainty.

twitter sharing button

It also gives you time to figure out what retirement looks like to you, he said.

Staying Connected

Finally, a side gig can help you stay connected, Huang said.

You might also consider teaching or tutoring, Huang said.

linkedin sharing button

Plus, earning income allows you to contribute to an IRA, which can keep growing tax-free.

More From GOBankingRates

Share This Article:

The Latest inMoney

email sharing button