Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Saving Money for Seniors

Related Saving Money for Seniors Topics

Retirement Spending & Expenses

Social Security

Found 27 Articles.
Get access to 28 articles by subscribing to Retirement Watch and Retirement Watch Spotlight Series.

The # 1 “Overlooked” Retirement Expense

November 21, 2018

It’s the “forgotten” outlay in most retirees’ finances. It is also one of the largest expenses in the budgets of those 65 and older… yet completely taken for granted by both individuals and finance professionals alike. The expense?  Transportation. Transportation accounts for 16% of annual spending by Americans 65 and older, according to the Bureau of […]

how-to-preserve-retirement-capital

How to Preserve Retirement Capital

December 1, 2007

The greatest fear about retirement is running out of money. There are three risks that could cause one to run out of money. Investments could earn less than estimated; the retiree might live much longer than anticipated; and spending could be greater than estimated, because of either inflation or higher consumption. In last month’s visit, […]

surprising-tax-havens

Surprising Tax Havens

October 1, 2007

State tax laws discriminate based on age, and that can be a good thing for some taxpayers. Even notoriously high tax states can be tax havens for retirees. In fact, Florida and other retiree magnets might not be the tax havens they are promoted as when the full tax picture is considered. Florida has no […]

easy-ways-to-save-money

Easy Ways to Save Money

September 1, 2007

My 1990 Honda Accord still is cruising toward 200,000 miles. I enjoy the tones of respect it gets from mechanics on those rare occasions when it needs work done. Even more, I like the cost savings. Owning a car for a long time not only avoids interest and principal payments but also holds down insurance […]

six-ways-to-cut-prescription-drug-costs

6 Ways to Cut Prescription Drug Costs

May 1, 2007

The Part D Medicare Prescription Drug program is doing well after its first year. Surveys show that it is very popular with its beneficiaries. Premiums and other costs to beneficiaries are lower than forecast. Yet there still is room for mature Americans to reduce their prescription drug costs. Retirees who aren’t yet old enough for […]

are-you-putting-enough-money-away

Are You Putting Enough Money Away?

August 1, 2005

The biggest planning mistake most people make is not realizing how much retirement will cost and how much money they will need. Fortunately, those who remember a few principles and use today’s low-cost technology can substantially reduce the margin of error. Surveys of future retirees abound. An interesting recent survey from Merrill Lynch found that […]

how-to-ensure-your-pension-is-safe

How to Ensure Your Pension Is Safe

July 1, 2005

The recent termination of the United Airlines pension plan put pension safety on the front burner. The news quickly was followed in Congress by hearings and reports on the underfunding of both corporate pension plans and the government guarantee agency, the Pension Benefit Guarantee Corporation. Most large companies offer some kind of a guaranteed pension […]

new-savings-from-brokers

New Savings from Brokers

April 1, 2005

Opportunities are increasing for cheap investors. Only a couple of years ago I reported that the discount and mutual fund brokers were raising fees and increasing minimum investment amounts. The brokers didn’t want small investors, frugal investors, or long-term investors. Since then, the stock market has rebounded and trading volume is up. In addition, a […]

Log In

Forgot Password

Search