Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

12 Retirement Ideas That Work for Any Household

January 11, 2021 · Retirement Life

7. Sell Your Old Life Insurance

Did you know you could sell your life insurance policy? If you didn’t and you’re wondering why anyone would do that, there are a few good reasons. For example, if you can no longer afford it, there’s no need to keep it. Secondly, if you bought life insurance because you wanted to provide financial security for your children in case you passed away, you may not need it anymore during retirement if your children are financially independent.

Third-party investors can buy your old policy, known as a life settlement, for upfront cash. In some cases, you will get an average of 20% of your policy benefit paid out.

For some seniors, this may be a last resort, just keep in mind that it is possible and it could help you out financially if you’re in a bind.

8. Housesit and Travel the World

Dreams of traveling the world quickly dissolve during retirement if you haven’t saved enough money. But if you chose to work and travel at the same time, you may be able to cut costs significantly by house-sitting instead of renting hotel rooms.

If you love animals, this could go hand in hand with pet sitting, as some owners would like to leave their furry friends in the hands of trustworthy people.

A good place to start is to Google house sitting opportunities in areas that you want to visit!

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Senior woman working on a laptop resting on a lap desk while seated comfortably in an armchair with an ottoman. 11 Side Gigs Perfect for Retirees With Mobility Limitations
  • A woman sits at a wooden table reviewing financial documents and account statements beside a window and bookshelf. 9 Things to Do With Inherited Retirement Accounts
  • Senior couple in a sunlit living room with large windows, one looking outside and one browsing a wooden bookshelf. 8 Reasons Retirees Are Choosing Co-Ops Over Condos
  • A smiling senior vendor weighing produce on a hanging scale for a customer at a sunny outdoor farmers market. 7 Part-Time Jobs at Farmers Markets and Local Fairs for Seniors
  • Mature man reviews Social Security paperwork and a US passport at an outdoor table overlooking a coastal European city. 7 Social Security Rules for People Who Worked Overseas
  • An older woman talks with an adult woman across a sunlit wooden table set with tea and a notepad. 10 Things Retirees Wish Their Kids Knew About Their Finances
  • A senior couple with luggage stands on an outdoor train platform, checking a travel brochure beside a passenger train. 12 Places Where Retirees Can Afford Both Rent and Travel
  • Mature woman sitting thoughtfully at a wooden table with financial papers, an open planner, glasses, and a steaming mug. 7 Retirement Account Rules That Changed Recently
  • Senior couple walking arm in arm along a brick sidewalk past a bakery, bookstore, and cafe table with coffee. 11 Signs You've Chosen the Right Retirement Town
  • Older couple reviewing tax returns and moving paperwork at a table with cardboard boxes stacked behind them. 7 Tax Surprises for Retirees Who Move Across State Lines

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

14 Amazing Travel Locations For Over 60s

Bangkok, Thailand – The beauty of vacationing in Thailand is that you can do it easily…

Read More →

10 Best Places to Retire That Won’t Break the Bank

Toledo, Ohio  The average annual expenditure for seniors in Toledo is $36,509/year. With $650K, they…

Read More →
A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work.

20 Great Part-Time Jobs For Retirees

Explore 20 great part-time jobs for retirees, from remote consulting to outdoor work, and learn…

Read More →

The Pandemic Cut Into Your Retirement Savings? Here’s How You Can Recover

A woman uses a calculator and laptop to review her finances and focus on reducing…

Read More →

Are you Self Employed? Here’s The Best Retirement Plan For You

SEP IRA SEP IRA comes from Simplified Employee Pension Individual Retirement Arrangement, and it has…

Read More →

20 Top-Rated Neighborhoods for Retirees in 2026

5. Del Webb’s Sun City Hilton Head, South Carolina — Best Golf Retirement Community Del…

Read More →

19 Successful Ways to Save Money for Retirement

Don’t Let Saving Be a Choice If you’re one of the thousands of Americans who…

Read More →

9 People Who Fulfilled Their Lifetime Dreams During Retirement

A Belgian man made his dream car out of wood – Momir Bojic’s dream car was…

Read More →

7 Most Atrocious Nursing Homes In America

2. West Virginia Around $90 million was the sum of money won by an Alzheimer…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.