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20 Smart Strategies to Boost Your Savings and Retire Rich

June 26, 2020 · Saving & Spending

Get a Side Job

Having two jobs may seem difficult to handle, but the benefits are worth it. Apart from boosting your income and saving the extra money into your retirement account, a side job can be a hobby turned into a business. Is there anything better than cashing in on something that you really like doing? I think not.

If your second job involves self-employment, you might be able to make contributions to a solo 401(k) or a Simplified Employee Pension plan. In addition, those contributions may be tax-deductible. If you like the idea, here are 8 Jobs for Retirees Who Want to Keep Working.

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