"It's interesting talking about people that are our age and in a retirement generation. We were brought up by people that lived through the Depression. They were very thrifty people because they'd seen firsthand what had happened. Today, many earn substantial incomes yet still live month to month. It raises questions about spending habits and highlights the importance of prudence in retirement for ensuring that money lasts."
"Moving to states with lower or no state income taxes, such as Florida or Texas, can be an effective strategy for maximizing retirement funds. Additionally, it’s crucial to assess all assets, including home equity, and consider downsizing as a means of increasing financial stability. Downsizing can enhance liquidity, allowing retirees to better manage expenses and extend the longevity of their savings."
Collection
[
|
...
]