Live within your new budget. If you are unable or don't want to find a new job, you will need to learn to live on what your current retirement income sources can provide. "Adjust your lifestyle to fit into what your finances can give you," says Meg Green, a certified financial planner and chief executive officer of Meg Green and Associates in Woodland Hills, Calif. "You might have to downsize, give up an extra car, or go to a cheaper health insurance policy with a bigger deductible." Retirees who live in high-cost areas of the country may be able to significantly improve their retirement finances by moving to a lower-cost locale. "There is such a vast difference in housing costs and the cost-of-living across the country that the most positively impactful thing people can do to improve their finances is to move," says Maurer. "You could go from having to work another decade to being completely ready to retire in another place."