August 19, 2016

10 Unconventional Ways to Fund for Retirement



Becoming a landlord, taking out a reverse mortgage and downsizing are among the unconventional ways people can pay for retirement. Monetizing a hobby or a second career are also ways to make money. If you don't have access to a 401(k) employer sponsored plan and you've maxed our your IRA (or maybe don't have one...yet) consider these ten options to help fund retirement. Maryalene La Ponsie suggests:

  1. Purchasing rental properties.
  2. Renting out part or all of a home.
  3. Making money off the exterior of a home. 
  4. Taking out a reverse mortgage.
  5. Downsizing your house.
  6. Selling off assets.
  7. Reselling items on eBay or Amazon.
  8. Monetizing a hobby.
  9. Starting an encore career. 
  10. Participating in the gig economy.         

What about AirBNB? 
Read the details at:

3 comments:

  1. Happy Spring Everyone! Enclosed is an audio podcast we hope you enjoy. Tom discusses the first quarter of 2015 investment results and some thoughts about what we might expect going forward. Steve and Jill review the basic requirements for IRA holders once they turn 70 1/2 and must begin taking Required Minimum Distributions from their accounts. We hope you enjoy listening to the podcast and welcome any comments, questions, or future topics you might find helpful. Disclosure: Please remember that discussions on the podcast are not to be taken as specific investment advice. Always consult with...

    IRA Northwest Ohio

    ReplyDelete
  2. Happy Spring Everyone! Enclosed is an audio podcast we hope you enjoy. Tom discusses the first quarter of 2015 investment results and some thoughts about what we might expect going forward. Steve and Jill review the basic requirements for IRA holders once they turn 70 1/2 and must begin taking Required Minimum Distributions from their accounts. We hope you enjoy listening to the podcast and welcome any comments, questions, or future topics you might find helpful. Disclosure: Please remember that discussions on the podcast are not to be taken as specific investment advice. Always consult with...

    IRA Northwest Ohio

    ReplyDelete
  3. Hi Very Nice Blog I Have Read Your Post It Is Very Informative And Useful Thanks For Posting And Sharing With Us And Your Writting Style Is Very Nice And Please Give Me More Information.
    SIP Mutual Funds & SIP Investment

    ReplyDelete

Financial Planning for Women does not sell, rent, loan, lease or otherwise provide any personal information collected at our site to any third parties.