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Economics

3 Big Ways to Cut Costs If You Can't Afford to Retire

When retirement is on the horizon and you have very little money saved, it's time for drastic action. You can't live comfortably on Social Security alone, and the last thing you want is to retire and then run out of money. But there are steps you can take to live on much less and make retirement possible. Here are three things you can do to maximize your savings and they all involve. 1. Downsize - 2. Move to a walkable area and get rid of a car - 3. Reduce your tax bill by choosing a tax-friendly state

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By
Doreen Pottios
on
December 10, 2019