How to Support Retirement Income with a Part-time Job

Retirement can be a terrifying phase in our life, especially if we do not have enough resources to supplement our needs.

You might consider getting part-time work to prepare for your retirement. Part-time work can vary widely, it could be something simple like helping in a shop, or it could be something such as running a small part of a franchise part-time. Some businesses sell parts of their companies online and advertise this role through terms such as pest control business for sale, as an expample. These businesses are small parts of a franchise that you may be able to help run part-time to possibly help supplement your income in retirement. Seeking advice from local job authorities might also be recommended if none of the aforementioned are suitable. After gaining your part-time work, your next focus should be your financial preparation for retirement.

How to Prepare for Retirement With a Part-time Job

When you work as a part-time worker, you might miss benefits from your employer. This is why it is necessary for you to prepare for retirement on your own.

Here are five (5) things you can do to prepare for your retirement with your part-time job.

Track Your Expenses

One of the most significant things to do is to track your expenses. You may use financial programs to help you monitor your monthly earnings and expenses. Always consider having your monthly budgeting plan.

Your budgeting plan will be your guide for your monthly spending. As much as possible, try to stick to your budget plan. Otherwise, you may not be able to spend freely when the time comes for you to employ the services of a Professional Care Manager who can accompany you to your appointments after your retirement or hire a maid to help you with household chores because you have joint pain.

Employer Benefits

Check if your employer provides benefits and try to maximize them. There employers who do not grant benefits. Some would offer benefits but only to those who perform their job well. Before dealing with employers, make sure that you ask them if they give benefits.

Alternative for Benefits

If your employer does not offer benefits, you can look for alternatives. You can join professional organizations that will allow your membership to access benefits. Some other organizations will grant you privilege on discounts. If you fall under a certain income bracket, you may be eligible for low-cost or no-cost phone services which could be beneficial for you. Check websites such as to know more and access these benefits.

Retirement Account Options

Another thing that you can do is to invest in yourself. Learn about other options that part-time workers can take for their retirement account.

The secret is to take action and invest as soon as possible. This way you can build your retirement income.

Obtain a Social Security

Some people may not include Social Security for their retirement plan. Take note that the reduction in your income as a part-time worker affects your Social Security benefits.

It is smart to delay your social security until you get your benefits. This way you can maximize your payments. It can also help offset your low income during your employment years.

Interesting Ways to Supplement Retirement Income With a Part-time Job

Many people who have retired are worried about not being able to work again. They should worry about being jobless since they can still work part-time.

If you are aiming for an active life while getting your retirement more secured, here are four (4) best part-time jobs for retirees.

Teach From Home

Without leaving your house, you can still earn by teaching English. It is in-demand nowadays. And it doesn’t require a degree, as long as you are well-versed in English.

Teaching at home gives you the privilege to make your own schedule where you can take control of your own time. Aside from that, you can be productive and it gives you a sense of purpose.

But now that we are in uncertain times due to the pandemic, you can still teach online. This is especially helpful if you have a health problem that could compromise your immune system. According to, if you have no budget for a laptop or desktop, you can easily get a loan from a licensed money lender in jurong east or anywhere in singapore. These legal lenders will give you flexible payment terms that you can meet with ease. It is best to get a loan from a legal lender since they are highly regulated by the government and their interest rates are usually competitive.

Once you have a laptop and a trusted Wi-Fi connection, you can start tutoring from the comforts of your home. There is no need to personally meet your student and increase your risk to getting the virus.

Turn Passion to Part-time Income

Think about your hobbies or passion that you have learned. Also include skills that you think you can share with others. You might not know but you can earn from the knowledge you have acquired.

If you can cook, bake, play the piano, or build woodcrafts, you can earn from it by teaching them. There may be people around you who want to learn from you. You can have classes or workshops for those who are eager to learn new skills.

Become a Contractor

Before your retirement, try to negotiate with your previous employer. Ask them if you can do a contractual job with them. Tell them that you can fill in for a worker when they are short-staffed.

If being a contractor to your previous jobs doesn’t work, think of the people you know who own a business. Think of your skills that go with the business. Tell them that you can offer services and that you work as a part-time worker.

Get a Side Gig

There are different side gigs that you can try. For example, you are into gardening. You can turn gardening to a side gig by offering services. You can offer to shape bushes or tend to their vegetables and flowers. People are busier these days, so they probably need your help.

Another side gig that you can do is to start a pet sitting business. If you are a pet lover, then this side job must be the one for you. You can offer this kind of service to pet owners who are away for their vacations or business trip.

You can also try retail jobs. This is more effective if you sell things that you love. If you are into fashion, you can try to build your own department store or boutique. If you are a bookworm, you can resell books. There are other retail jobs that you can, just let your creative minds work for you.

Another side gig that you can consider is driving. If you have a car that is still in condition and you are a good driver, then you can try being a driver. There are bus or taxi companies where you can also try to work.