Dollars and Sense: Making The Most Of Your Money During Retirement
Dollars and Sense: Making The Most Of Your Money During Retirement
May 17, 2018
In a recent Gallup survey of Americans about retirement concerns, one thing stands out pretty clearly: for those who have yet to retire, concern about outliving your money looms large. Those already retired are more optimistic about having sufficient funds to keep them going but for those thinking about retiring, there is palpable fear about running out of money. So, how do you plan to stretch your dollars as far as you can during retirement? For many people, it’s finding a less expensive place to call home. Some recent data analysis should help. First, Kiplinger’s has just come out with its 2018 tabulation of how expensive it is to live in every state during retirement. You can find the results Here. For those of you who have a pretty sizable amount stashed away, there’s also a new tabulation of how far $1 million dollars would last in each state- so pull out your bank statements and Click Here. And for those of you who are not sure how to retire, due to money concerns or professional interests, you may find this story from writer Ann Brenoff, still working full time at age 68, to be of interest.