How to Retire on a Shoestring

June 27, 2008 RSS Feed Print
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Find low-cost or free activities. Retirees have more leisure time, so entertainment expenses can actually increase in retirement. But you don't always need to go to a movie. Instead, David Smidt, president of SeniorDiscounts.com, recommends checking out national parks and museums, especially those that offer free or low-cost admission to seniors. In many cities, seniors can also pay lower rates for public transportation. "Especially in local shops and stores, they may not advertise a senior discount, but if you ask for one, sometimes they'll give you that 10 percent off anyway," Smidt says. Another reason Smidt says you have to ask for discounts: "Employees don't want to presume that someone who is 40 years old is a senior."

Tags:
savings,
personal finance,
retirement

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I rarely participate in these comments, but I really have to share my story with 1 company which has tremendously helped me. I just turned 74, many obstacles have come in the way of my retirement including a divorce a few years ago which really hurt me financially, to be honest I had this feeling that my savings and SS income were not going to be enough. Months and months of research and dealing with big banks - nothing but a big headache and they wanted to charge an arm and leg - I was considering a standard home equity loan but then I started reading about reverse mortgages. Long story short, i found this company while searching online - reverse mortgage lenders direct - they were able to automatically compare lenders for me and quote me a fantastic quote. I am not saying you need to do a reverse mortgage (for me this has been excellent and recommendable) but if you do here is their number 877 700 0534 - you can find the site online search for reverse mortgage lenders direct.

stephenwilliams2345 of NY 1:56AM May 30, 2012

I rarely participate in these comments, but I really have to share my story with 1 company which has tremendously helped me. I just turned 74, many obstacles have come in the way of my retirement including a divorce a few years ago which really hurt me financially, to be honest I had this feeling that my savings and SS income were not going to be enough. Months and months of research and dealing with big banks - nothing but a big headache and they wanted to charge an arm and leg - I was considering a standard home equity loan but then I started reading about reverse mortgages. Long story short, i found this company while searching online - reverse mortgage lenders direct - they were able to automatically compare lenders for me and quote me a fantastic quote. I am not saying you need to do a reverse mortgage (for me this has been excellent and recommendable) but if you do here is their number 877 700 0534 - you can find the site online search for reverse mortgage lenders direct.

stephenwilliams2345 of NY 1:41AM May 30, 2012

Hey Joe of NC. It is always about blaming the rich isn't it. They pay the majority of taxes, create jobs, and give a lot of money to charity. I am not thrilled with all wealthy people, but they are not necessarily the problem. I have an issue with my tax paying dollars going to public employees (unions), with them getting higher salaries, big pensions, special benefits, and an attitude of wanting more and more. It is coming out of your pocket and my pocket. That is why we are having an economy crisis. Taking money from the rich is not solving the problem. Eliminating the spending, lowering taxes, and sacrifices from public employees, will help solve the issue. By the way, if you were Amish, you would get no SS, pension, etc. You would need to become self sufficient. Of course you would have nobody to blame except yourself if you did not make it. Also, if the government would get off of our backs, and stop the nonsense that they are creating, the American dream would still be alive.

A Patriot of FL 11:01AM April 20, 2011

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