Once you retire, your paychecks stop. To cover your cost of living from that point onward, you’ll largely be relying on some combination of Social Security, any pension you may receive, and your savings. That can be a scary thought, particularly if your Social Security check winds up smaller than you think and you either don’t have a pension or you only get a small one that doesn’t adjust for inflation over time.
The key to a successful retirement is setting yourself up in ways to stretch your savings as far as feasible. These 11 tips will help you structure your costs and your income to make your money last longer in retirement. With your money in control, you can better spend your time and energy on the people and experiences that really matter to you.
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