The Six-Figure Side Gig

How to boost your home’s curb appeal
Money
Retire with Money
Elizabeth O'Brien
How’s this for a side gig: A retired lawyer in today’s featured story made nearly $150,000 last year answering legal questions online. Alongside that income, benefits include keeping her brain sharp and her professional identity intact. That’s just one example of how retirees have gotten creative leveraging their expertise — and their possessions — for cash. Another woman made ends meet renting out her RV during the worst of the pandemic. A bunch of web sites help facilitate these transactions; just be sure to read the fine print before you commit. And remember, clearing certain income thresholds in retirement will affect how much of your Social Security benefit is taxed.

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE
 
3 Surprising Ways Retirees Are Making Extra Cash During COVID-19


The pandemic forced them to get creative.
 

5 Affordable Ways to Boost Your Home's Curb Appeal Before You Sell


You only get one chance to make a first impression.
 

The Best iPads for Your Money


Our experts break down Apple’s offerings.

RETIRE WITH MONEY COMMUNITY NEWS
In last Friday’s newsletter, I wrote there’s no reason to spread your money around different robo-advisors. The same goes for low-cost brokerage firms. They’re very similar, and using more than one just invites unneeded complexity. This week in our Retire with Money Facebook group, members offered more arguments in favor of simplifying your finances, especially as you get older. One wrote this of DIY investors: “The other aspect for married people is, how will your survivor manage?...My spouse does not have the desire nor, frankly, ability, to manage a diversified portfolio like me. So again, converting a highly diversified portfolio into a much smaller, position wise, portfolio is something that must be addressed.” If you’re in a couple, and only one of you deals with the finances, don’t wait to involve the other person. A trusted financial advisor can help if they don’t want to go it alone.
RETIREMENT NEWS FROM AROUND THE WEB
FDA Grants Historic Approval to Alzheimer’s Drug Designed to Slow Cognitive Decline
The decision is shaping up to be one of the most controversial in years, as some in the scientific community doubt the drug’s effectiveness. STAT NEWS
Opinion: It’s Time to Retire FIRE
An author and early retiree argues that the FIRE (financial independence, retire early) movement has been co-opted by get-rich-quick schemers. OUR NEXT LIFE
Zigzagging to a Successful Third Act
A consultant and comedian says she’s just getting started at age 64. NEXT AVENUE
Financial Planning for the Possibility of Cognitive Decline/Dementia
A CPA and blogger offers tips on how to avoid elder financial abuse. THE OBLIVIOUS INVESTOR
Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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