Turn Your Retirement Hobby into Income: The Pros and Cons

An older man poses in his workshop. He appears to be an avid carpenter or woodworker.

A funny thing happens to people when they enter retirement. Even if they’ve saved well for that stage of life and have plenty of money to go around, many retirees worry about depleting their nest eggs in their lifetime.

Because so many retirees fear running out of money, they often hesitate to spend it. And that can easily lead to boredom.