Episode 6 of 6
The Tutoring Side Hustle
Larry starts tutoring AP History students at $65/hour, picking up 8 hours a week. The extra $2,080/month changes his retirement math dramatically. He models how long he needs to keep tutoring after retiring from teaching — and whether the side income lets him claim Social Security earlier.
Key Insight
Tutoring income of $24,960/year for just 5 years post-retirement bridges the gap to Social Security at 70. That bridge strategy adds $174,000 in lifetime Social Security benefits compared to claiming at 62, while the tutoring itself contributes $124,800 over the 5 years.
Model This Scenario