About LoveBeingRetired

Dave Bernard is a California born and raised author and blogger with an extensive 30 year career in Silicon Valley. He has written more than 300 blogs for US News & World On Retirement and his personal blog Retirement –Only the Beginning. Dave has written three books to date: "Are you just existing and calling it a life?"; "I want to retire! Essential Considerations for the Retiree to Be"; and " Navigating the Retirement Jungle". He has been quoted in various articles and magazines including The Wall Street Journal, The Times of India, Prevention Magazine and Erickson Tribune. Dave lives in sunny California with his wife and a shared passion for the San Jose Sharks.

Families and Futures: The Smart Reasons Retirees are Upsizing Their Homes

Written by Abbie Dodd

It doesn’t always pay to follow the herd. Some retirees are challenging the logic of downsizing and even going as far as doing the exact opposite, and upsizing instead.

Family demographics and attitudes are changing which calls for a new way of thinking or to at least challenge the logic of downsizing as you get older. You might actually need a bigger home for your growing family or lifestyle.

Here is a look at the options available to empty nesters and why upsizing is proving popular amongst some retirees. There is an overview of the downsizing culture and why baby boomers are challenging that convention, plus arguments why upsizing appeals to some.

Baby boomers are changing the rules

One thing that might be associated with the baby boomer generation is mortgage loan ease and access to credit that fueled a rise in the number of people owning their own home.

Plenty in this demographic have now reached retirement age and are contemplating their options having built up some equity in their home. The traditional logic has been to sell the family home so you can move to somewhere smaller and without stairs, plus bank some cash from the equity built up in the property after the mortgage has been paid off.

This all sounds sensible and reasonable as a strategy and it works for many in that situation.

However, it seems that despite expecting to follow this traditional route in their golden years, some retirees in fact do the opposite, buying something bigger that will cope with their children and grandchildren when they come to visit.

There are numerous surveys suggesting that as many as two-thirds of baby boomers either have no intention of moving at all or would consider the idea of actually buying something bigger, not smaller.

Not ready to retire

It is not that straightforward when trying to pinpoint the exact reasons why people who are entering their senior years decide not to follow the traditional route of downsizing and moving to a sunnier climate.

A plausible explanation would be the fact that many of us are living longer and therefore might not feel ready for that senior lifestyle, despite reaching an age that qualifies for that status.

This is a generation that generally seems to be confident and comfortable with carrying mortgage debt when they are approaching retirement age. You might be someone who prioritizes paying off the mortgage as quickly as possible but apparently there are plenty of seniors who are prepared to carry on paying a loan if it means they can continue to enjoy their current home, or even move to a bigger one.

Active lifestyle

The idea of upsizing seems to appeal to a core number of baby boomers who are keen to enjoy an active lifestyle for as long as possible, which means they want to be where they can play golf, go skiing and enjoy a wide range of social activities.

If these means upsizing to be near to the action or it suits their family lifestyle, then a growing number are asking, why should we downsize?

Abbie Dodd writes articles about real estate topics. Whether you’re a first-time buyer or a retiree ready to downsize. She has worked in the real estate industry for several years.

5 Odd Jobs To Earn Extra Cash In Retirement

Written by Jessica Hegg

Living on a fixed income isn’t easy. If you’ve followed a good retirement plan, have a pension, and are taking care of your personal finances, you’ll certainly be able to live in comfort – but unexpected expenses can be hard to deal with, whether medical and health-related, or even as simple as wishing to give grandkids birthday and graduation presents.

The fact that your income is fixed makes it hard to prepare for these expenses, but don’t worry! If you’re retired and looking for extra income, there are plenty of ways you can earn some extra cash – without having to resort to a part-time job as a Walmart greeter. Read on, and find out how you can supplement your fixed income with 5 easy odd jobs.

1. Clean House – and Sell Your Stuff

If you’re retired, chances are you’ve been living in the same home for a while, and have had quite the opportunity to build up a large collection of furniture, vintage clothing, books, and other knick-knacks and items that are sitting around your house unused – or even stuck in a storage locker somewhere.

Vintage items can sell for big money, and cleaning up your house and selling some of your old stuff is a fantastic way to get some extra cash, as well as declutter your home and allow you to relax, knowing that you don’t have a ton of useless stuff hanging around collecting dust.

It’s easier than ever to sell old furniture, clothing, and other items – apps like LetGo are very popular, as is the Facebook Marketplace, local classifieds site Craigslist, and online marketplaces like eBay and Etsy.

If you’re not sure where to start, ask a younger relative to help you figure out these apps or help you sell your stuff, and cut them in on a share of the profit.

2. Nannying

You’re well past the time in your life when you had small children – but that doesn’t mean you can’t care for them for some extra cash. There are plenty of opportunities for retired adults to pick up nannying gigs for some extra cash. This is especially true if you live nearby your own children – working families need nannies often, and getting paid to spend time with your own grandkids is the dictionary definition of a win-win.

3. Pick Up a Hobby – And Sell Your Work

If you’re an older, retired adult, you’ve got plenty of time on your hands. And you deserve the chance to relax – you’ve worked your whole life to get here. But you have to have something to fill up the hours, and finding a new hobby is a great way to do so – and make a profit.

If you’ve knitted in the past, you’ve already got the perfect hobby for picking up some extra cash. Handmade sweaters, wool socks, and other artisanally-crafted items are highly sought after in online marketplaces, and you can easily make some extra cash while having a fun time honing your skills.

Other options include leather working, woodworking, car repairs – the options are limitless. You can choose you’re passionate about or enjoyed doing as a younger person, and enjoy the satisfaction of a hobby while making some money to boot.

4. Become a Landlord – Rent Out Rooms In Your Home

If you haven’t’ downsized from the home that you raised your family in, you’ve probably got some extra space that’s not doing much for you – childhood bedrooms, playrooms now filled with old stuff, whatever it may be.

Put these rooms to work. Offering a well-appointed, inexpensive room for rent is a great way to supplement your income, and you’ll have total control over who you rent to. Making money is as easy as, well, not doing anything!

Just make sure you consult with a lawyer or other legal expert before drawing up contracts and paperwork – you don’t want to end up with a poor tenant, and you want to make sure all legal aspects of your arrangement are rock-solid.

5. Start a Small Home Kitchen Business

Farmer’s markets are exploding in popularity and given their local, small-batch offerings, it doesn’t require much legal work to become a certified home kitchen, and create goods to sell at farmer’s markets throughout the year

You can sell just about anything – baked goods, home-roasted coffee, popcorn, snack foods, or even candles and other hard goods. If you have a hobby that you can turn into a small business, see your local municipality about their farmer’s market offerings – and suggest that they start one if they haven’t already.

…and That’s Not All!

Retirement is just another stage of life, and it doesn’t have to be boring. There are endless fun activities that older adults can do, and quite a few, such as those outlined above, can provide you with some great extra cash.

So get out there, have some fun, and make some money. Whatever you choose, you’re sure to have a great time and enjoy the additional income that it brings you.