Comfortably

Retirement Budget: Cut Back on Dining Out to Save Money and Live Comfortably

St. Louis, Missouri – According to recent data, the average monthly Social Security benefit in January 2024 was $1,907. For those living with a partner who also receives a similar amount, the combined monthly income could reach $3,814. While this sum may seem substantial, retirees may still need to make adjustments to their spending habits to ensure financial stability in retirement. Preparing meals at home can not only be a healthier option but can also …

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Retirement Budgeting Secrets: How to Live Comfortably for 20 – 30 Years

Planning for retirement involves careful consideration of how much money to expect to spend during the golden years. To ensure a financially secure retirement, analyzing how budgeting fits into the plan is crucial for longevity that spans decades. Financial advisors typically recommend that retirement income should replace 70% to 85% of pre-retirement pay. However, simply adhering to this goal assumes that life won’t change in retirement. As such, it’s important to understand how spending will …

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