Downsize Expenses

Here is how to get your retirement plan back on track in 2009

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Every year Americans make resolutions to skip the daily latte and pack a lunch for work. Cutting small expenses can, indeed, add up over time. A bigger immediate bang for your efforts can be found by downsizing from two cars to one, moving into more inexpensive housing, or relocating to a part of town or an area of the country with a lower cost of living. Check out these low cost and low tax places to retire.

More New Year's resolutions for retirement:

Delay retirement

Put off claiming Social Security

Get your 401(k) match

Avoid early withdrawals

Scrutinize 401(k) fees

Determine your risk tolerance

Rebalance your portfolio

Evaluate your target-date fund

Pay off your mortgage

Get a pension

Bump up your contributions

More money-related New Year’s resolutions