Some people who’ve envisioned retirement to be a welcome reprieve and reward for years of hard work are instead feeling overwhelmed and anxious when they think about financing such a long-term vacation. And those feelings aren’t totally misguided.
Most Americans feel they don’t have enough money saved to maintain their lifestyle once they retire, and going from a comfortable salary to a fixed income is worrisome. Luckily, when it comes to retirement coin, there are two sides we must consider. Yes, your available income might decrease during retirement, but your ability to live frugally also gets much easier.
Retirees are privy to many discounts and savings opportunities other younger workhorses are not. Therefore, in addition to a refreshing decline in work-related responsibilities, there’s something more that awaits new retirees, including discounted expenses. Here are 15 things that get a lot cheaper once you retire.
Having time on your side allows retirees to see the world at a low cost. Without a dedicated work schedule, you can travel during the off-season for a fraction of the high-season price or take advantage of last-minute deals. Airlines offer senior citizen discounts, and cruises offer special rates to cruisers 55 and over. The first few weeks of May and early December are said to be the best times to cruise because kids are back in school and the Christmas holiday has not yet come.
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