Category: Retirement Budgeting

  • As another year winds to a close, we put away the tree, the unwrapped presents, and empty champagne bottles. Now it’s time to look forward to reaching your goals for the future. As always, this is easier said than done. Planning for a great retirement isn’t easy, but doing the hard work now will make that retirement even better. Here are a few resolutions to make as we enter 2018 to help you get to retirement faster.
  • From the “purple mountain majesties” of America the Beautiful to John Muir’s, "The Mountains Are Calling, it’s hardly a secret that the world’s peaks are both beautiful and inspiring. But what many don’t know is that mountain living is also extremely beneficial for one’s health. And there are some truly unexpected reasons why the body benefits from living in the hills. Here are five reasons why living in the mountains might just be one of the best choices you could ever make for your health.
  • Whether you are thinking about retirement or already retired, it is likely that your income will be lower than its current level. Learning to live frugally does not mean giving up the things you enjoy, and budgeting your funds will be more important than ever. Frugal living can help you maintain a comfortable lifestyle in retirement if you are careful and find ways to cut expenses that are not necessary.
  • Most retirement calculators fail to factor in possible market fluctuations and changes in cost of living and inflation. These uncontrollable factors can dramatically alter your available retirement assets. In addition, variables such as additional medical costs, lifestyle changes and family emergencies can decimate retirement funds if they aren’t taken into consideration when calculating retirement age. Following are some tips on how to calculate retirement age realistically so you aren't part of the one-third of Americans with inadequate retirement savings.
  • A quality retirement is the goal. Retirement is the incremental process in reverse. This means preparation and saving is necessary.
  • In life we often find ourselves seeking advice from others for a variety of things. Whether it’s a cooking tip from a family member or advice about a work related issue from a co-worker, it’s always nice to get some helpful feedback. Luckily, we live in a world where professionals like life coaches, guidance counselors, and financial advisors can help us with their services. But what does it have to do with retirement? Well, Baby Boomers are sometimes faced with challenges and questions when it comes to planning and saving for their retirement. How much do I save? When do I start saving? What are the best tax strategies? Will I have enough when I retire? These are all questions that retirees ask themselves and having an expert on their side to help guide them through the retirement planning process can make it less stressful.
  • Frugal shoppers unite! Saving money isn’t always easy but it’s worth it in the long run. It’s important to know when to eliminate unnecessary costs if you are living on a fixed income or working with a small budget like many retirees. Learning how to cut back on pricey items, reducing shopping splurges, and clipping coupons can help your pocket book grow. There are plenty of ways to cut back on expenses for everyday necessities that most people don’t realize. So how do you know if you are saving or spending on certain items? Well, start looking at your shopping list and do some research because the term “you get what you pay for” doesn’t always ring true when it comes to household products. Luckily, there are a ton of common household essentials that you can buy at reduced prices or use coupons for all the time. Check out our list of household items you should never pay full price for and watch your savings stack up.
  • There are a few things to consider that help with the decision to stop saving and start spending for enjoyment in retirement. These include financial considerations, health issues, lifestyle changes, and living accommodations.
  • Let’s face it, saving money takes discipline. And if you are retired, then budgeting your money is crucial to maintain a comfortable lifestyle. Without a regular job and steady income to rely on, you may fear outliving your retirement savings. That’s why there are resources and tools that help Baby Boomers set up a budget so they can learn how to spend their money wisely in retirement. From shopping at thrift stores to calculating costs in advance, it’s never too early or too late to monitor your savings. Whether you’re a pro at couponing or love to shop ‘til you drop, you’ll need to learn how to budget your money in retirement.
  • When you think of retirement, you probably also think of saving. But once you’re retired, all of that money you’ve saved starts getting spent. So how do you make sure your nest egg lasts? There’s a lot of planning involved in specifics, but one easy way is to avoid retirement money wasters. Here are some big ones to be wary of:


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