Pension Plans are Gone! What Will You Do for Your Retirement?

It is no secret that pension plans are not the way they used to be. In many cases, they’re not accessible to many people at all. Would you believe that less than a quarter of the Fortune 500 companies offer these plans to their employees? And these are the largest companies in the U.S.! As fewer employers are offering pension plans to their staff, it is time to take retirement into your own hands. Take a look at these tips to get extra income for a tranquil future:

  1. Become a Freelancer

It is estimated that by 2020, 40% of Americans will work as freelancers. The good thing is that you can keep your full-time job and at the same time work as either an offline or an online freelancer. The Internet has opened up plenty of possibilities for this to happen with multiple freelancing platforms offering all types of jobs. For example, you can join Upwork as a freelance programmer, designer, developer, writer, or editor. You can take your talent to the next level and earn some cash when you join an online network of professionals trying to sell their services.

  1. Take Online Surveys

As easy as it may sound, taking online surveys can truly earn you some extra bucks in just a few minutes. Companies are more than willing to pay prospective consumers for their opinion on their products and services. There are many sites offering them – one of the most popular is swagbucks.com. Sites likeUserTesting will pay you to navigate a particular website and tell them how easy it is to use. You can make about $10 for 20 minutes of work, which can really add up.

  1. Invest in the Stock Market

Investing in the stock market has become easier now that there is so much reference material online. You can start as a beginner and become an advanced trader in no time. Investing in the stock market can be profitable and exciting at the same time. If you do not have the time to learn how to trade, some brokers offer a service where they will invest your money for you. When investing in the stock market, it is important to have a stock fraud attorney at hand should any legal concerns arise in the process. Unscrupulous brokers can take advantage of their clients by engaging in excessive trading. An experienced stock fraud attorney can help you decipher if there is indeed any type of illegal conduct and reclaim a fair compensation for the damages done.

  1. Start an Online Business

The online world is growing at an exponential rate. There are many types of online businesses, some of which require very little investment. You can start a blog about the topic or topics that interest you most. Once you start adding content to it, you will then want to set up a marketing plan. Bloggers can earn money from selling products, promoting products, or by posting ads on your blog such as Google Ads. Other types of online businesses include setting up an online store, engaging in affiliate marketing, drop shipping, offering online courses in Udemy, flipping domains, posting tutorials or creating a YouTube Channel. You could even start a stock trading business. Talk with a stock fraud attorney like Thomas Law Group so that you can know the rules and regulations of the SEC to avoid being in a class action lawsuit.