Most Popular Retirement Budget Articles

    This is How Much Annual Retirement Income You Need to Live Happily

    This is How Much Annual Retirement Income You Need to Live Happily

    Contrary to what many financial planners suggest, some retirees are living on less than they expected while they were preparing for retirement. Nearly three years into retirement, they report living on just 66% of their pre-retirement income on average, or $58,000 annually, according to a survey by investment firm T. Rowe Price. This is much less ...

    5 New and Creative Ideas for Passive Income Streams in Retirement

    5 New and Creative Ideas for Passive Income Streams in Retirement

    Passive income streams are income sources that you benefit from without too much effort -- the money just flows in. Create passive income streams and just enjoy retirement...Passive income streams are therefore ideal for retirement.  In retirement we are trying to maximize the time we spend on leisure activities while minimizing work or burdensome endeavors.Here ...

    9 Tips for Predicting Your Retirement Expenses

    9 Tips for Predicting Your Retirement Expenses

    If you want a secure retirement, you need to predict how much you will spend on retirement expenses. Some might say that trying to predict your costs for every month for the next 15-30 years is preposterously impossible.  However, it is probably no surprise to tell you that the closer you can get to predicting the ...

    The Highest Hidden Retirement Cost That No One Talks About

    The Highest Hidden Retirement Cost That No One Talks About

    When planning for retirement, it’s important to save enough money to cover the essentials. While a financial planner may discuss earmarking funds to pay for daily living expenses, housing and health care related costs, there is a hidden retirement cost that many advisers may overlook that can have a critical impact on your retirement: transportation ...

    6 Surprising Tips for Minimizing Retirement Taxes

    6 Surprising Tips for Minimizing Retirement Taxes

    As the saying goes, nothing’s certain but death and taxes. But, there is good news! Retirement taxes may not be as much of a burden as you may think. In fact, the peak of your tax-paying years is around age 50, when about 80% of American households pay federal income taxes. At age 65, that ...

    Focus on How Much Will You Spend in Retirement; Don’t Worry About How Much You Need

    Focus on How Much Will You Spend in Retirement; Don’t Worry About How Much You Need

    You are probably worried that you have not saved enough for retirement and the the #1 piece of advice from most financial experts is to tell you to Save More! What if I tell you that this focus on savings has it all wrong? There is something MUCH more effective you can do to to ...

    Retirement Spending: How Your Expenses Will Change

    Retirement Spending: How Your Expenses Will Change

    Your retirement spending will evolve... Retirees expect that their expenses will change once they retire, but they may under-estimate just how much they will change, and in what spending categories. Overall, your spending is likely to decline once your retire, but spending may increase for part of the time and not all areas of your ...

    The Top 5 Sources of Retirement Income

    The Top 5 Sources of Retirement Income

    Generating enough income to live comfortably during retirement is the biggest challenge every American faces later in life. As baby boomers get closer to retiring, the Insured Retirement Institute (IRI) asked them what they considered their top-five retirement income sources and found that Social Security tops the list. In fact, research shows that 65% of Americans ...

    Tax Rate for Retirees: 5 Money-Saving Tips for Retirees Filing Their Tax Returns

    Tax Rate for Retirees: 5 Money-Saving Tips for Retirees Filing Their Tax Returns

    As the cost of living continues to rise, retirees have to adjust their retirement plan to ensure that they can continue to support themselves financially. During these lean and uncertain financial times, it's important to find ways to maximize your financial support in retirement. For retirees that are still working, there are many ways to ...

    Should I Buy a New Car or Save for Retirement?

    Should I Buy a New Car or Save for Retirement?

    Are you thinking about buying a car? Will you need to buy a car at some point when you are retired?  Cars can be a big purchase and you should think carefully about your car choice in terms of your overall financial picture.   No matter when you need to buy a car, you should consider ...

    Expert Interview: How to Stretch your Retirement Dollar

    Expert Interview: How to Stretch your Retirement Dollar

    The last decade has been tough for retirees and those nearing retirement, says Gary Foreman, founder of The Dollar Stretcher. "So many had counted on cashing out the equity in their homes to help fund retirement," he says. "The crash of 2008 not only ended that dream, but also wiped out much of their IRA and ...

    Retirement Income Myth Debunked: Dying Broke is a Bad Plan

    Retirement Income Myth Debunked: Dying Broke is a Bad Plan

    You may have heard this little piece of retirement advice: you should spend all of your money while there is still time to spend it. Though the notion of "dying broke" may appeal to many Americans, it is not the best advice for those who are approaching retirement. People are living longer and experiencing increased ...

    Will You Spend a Lot More or a Lot Less in Retirement?

    Will You Spend a Lot More or a Lot Less in Retirement?

    Do you actually know how much do you spend every day now? What about every week? Most likely you have some idea of your expenses, but is your knowledge strong enough to be able to plan for your retirement? Throughout your life, you probably have kept track of how much you spend in some way -- even ...

    Your Guide to a Foolproof Retirement Budget

    Your Guide to a Foolproof Retirement Budget

    Scottish poet Robert Burns famously said, "The best-laid plans of mice and men often go awry." That's true about most everything that you undertake in life, but hoping for the best isn't the greatest retirement budget strategy. You need a real strategy, and one that's based on your life and the life that you want ...

    How to Save Money and Get Out of Financial Danger

    How to Save Money and Get Out of Financial Danger

    If you are worried about how to save money, you are far from alone. In case you missed the survey released last month by the Federal Reserve Board, 47% of American consumers report they would not be able to come up with $400 for an emergency without borrowing or selling something. That’s half of the country ...

    Avoid these 11 Everyday Scams to Save More for Retirement

    Avoid these 11 Everyday Scams to Save More for Retirement

    You might not think of it this way, but most of us get scammed -- somewhat tricked -- out of our hard earned money every single day.  These little expenses can add up to big bucks that we could be saving for retirement and spending in our golden years.Whether it’s spending money on dumb stuff ...

    Expert Interview with Lynette from Cleverly Simple About Fun, Frugal Living

    Expert Interview with Lynette from Cleverly Simple About Fun, Frugal Living

    Lynette Rice knows what it takes to live life to the fullest without overspending. That's why she created her own website, Cleverly Simple, and shares what she knows with readers. Here, Rice shares some tips with readers looking to save money, cut back on overspending, and find ways to save on everyday items. Cleverly Simple offers numerous ...

    Expert Interview with Jacob About Starting Young With Your Retirement Planning

    Expert Interview with Jacob About Starting Young With Your Retirement Planning

    Jacob and Vanessa Lumby might be young, but they've already figured out some pretty wise methods for saving for retirement: Being frugal. Saving first and being a consumer second. Evaluating each purchase in light of financial freedom and other long-term goals. Two years ago, the pair started their blog, Cash Cow Couple, which focused on navigating debt, money management ...

    The Price is Right!  Top Couponing Strategies and Web Sites for the Retired

    The Price is Right! Top Couponing Strategies and Web Sites for the Retired

    AARP senior discounts used to be one of the only ways to save money. Now online coupons and discounts can be found on anything and everything and are a great way to save money on retirement expenses. Here are a few of the strategies and sites we think are best. • Search for Specific Discounts: If ...

    5 Reasons You Want Good Credit as You Head Into Retirement

    5 Reasons You Want Good Credit as You Head Into Retirement

    As you approach retirement, you have a lot on your mind. Deciding how and where you would like to spend your retirement years and making sure that you have the funds to do so are probably at the top of your list. Chances are that you are not thinking much about your credit score, but ...