Social Security Checks Not Cutting It? Here's How to Boost Your Retirement Income in 2026.

Core Insights - Social Security benefits received a 2.8% cost-of-living adjustment at the start of 2026, but the average monthly benefit of $2,071 (approximately $25,000 annually) may still be insufficient for many retirees [1]. Group 1: Options for Boosting Retirement Income - Returning to work is a viable option for retirees, as there is a common misconception that working while collecting Social Security is prohibited. However, those under full retirement age may face an earnings test that could affect their benefits [3]. - Part-time job opportunities can be found in various fields, including substitute teaching or temporary positions in previous professions, as well as exploring new roles such as bartending [4]. - Joining the gig economy offers flexibility, allowing retirees to earn income on their own schedule through services like pet-sitting or ridesharing. Starting a business is also an option, though it may require careful consideration of start-up costs [5]. Group 2: Monetizing Home Assets - Homeowners have the potential to generate income by renting out a room or a separate area of their home, provided they have sufficient space [6]. - For those who travel frequently, short-term rentals can be a lucrative option, especially if the home is located in a desirable area. This allows homeowners to take advantage of their absence to earn additional income [7].