15 Ways to Slash Spending in Retirement

15 Ways to Slash Spending in Retirement


Bloomberg BusinessWeek received tips from more than two dozen financial advisers on how to spend less in retirement.

The list:

  1. Adjust Your Health Insurance
  2. Flexible Travel
  3. Cut the Purse Strings
  4. Curb Your Cars
  5. Use Cash - "It feels more real—even painful—when you use cash"
  6. Watch Those Investment Fees
  7. Put Food Spending on a Diet
  8. Seek Out Freebies and Discounts
  9. Adjust Your Insurance
  10. Downsize Your Home
  11. Move to a Cheaper Locale
  12. Refinance Your Mortgage
  13. Don't Wait to Sell Your House
  14. Do a Dry Run on Your New Spending Plan
  15. Get a Handle on Monthly Expenses

Comment: We plan to do a combo on downsize our home and move to a cheaper locale.


  1. Hi, JP

    I like your site, but it seems like if you don't make a comment on something the very day it gets posted, then the conversation gets lost never to be seen again....This might happen to this conversation because I'm a little late. Anyway, speaking of retirement, what does anyone thing about the rumors of Social Security going bankrupt.......in 2010. Does anyone but the fringe actually believe this?

  2. Hey Anon ...

    Unsure but I am not counting on it (Social Security)

  3. I read your comment, Anon! :)

    Jim, does blogger give you the option to put a "recent comments" list on your sidebar?

  4. Anonymous, Socialist Insecurity has ten trillion dollars of unfunded liabilities or so, so it is actuarially bankrupt. However, it also is sitting on two trillion dollars or so of government bonds, so it can use those for the next few years to cover the fact that it is no longer collecting enough tax revenue to break even.

    There are going to be some tough decisions with it and Medicaid in the next few years, especially as Medicaid's unfunded liabilities are around fifty trillion dollars, assuming current patterns of expenditures.

  5. Correction; it appears that unfunded liabilities for the two big entitlement programs are about one hundred trillion dollars, not fifty to sixty trillion dollars. ouch.


Any anonymous comments with links will be rejected. Please do not comment off-topic