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1. Your Home. Downsizing from a $250,000 house to one that costs $150,000 could increase yearly income by $3,000 and reduce annual expenses by $3,250, saving $6,250 a year, Boston College's Center ...
After decades of hard work, retirement is finally on the horizon. ... Here’s the No. 1 Thing To Get Rid of First. Read Next: 3 Things You Must Do When Your Retirement ... like Social Security ...
Maintaining financial stability during retirement is challenging for many retirees, because their income is fixed, whether it comes from Social Security, investments or pensions. Read More: 7 ...
Here are 10 money-saving tips for after retirement. Consider a Side Gig. The last thing most retirees want to think about is work, but picking up a part-time job may offset some of the retirement ...
You can also get rid of ancillary expenses, such as professional attire and grooming, lunches out and pet care. Find Out: 3 Things Retirees Should Sell To Build Their Retirement Savings
Retirement brings new financial challenges, particularly when Social Security makes up all or most of your income. To ensure a good quality of life later on, it's vital to cut spending now. Read...
Here’s the No. 1 Thing To Get Rid Of First. ... If you have debt or are still earning income when you retire, it might be a good idea to hold on to your life insurance policy, which can also ...
Lots of things can contribute to financial stress at this stage of life, reducing your ability to enjoy your increased down time. Check Out: These Are America’s 50 Fastest-Growing Retirement Hot ...