Making the Most of Your Retirement

September 26th, 2013 by The JetSetter Team | 2 Comments »

retirement than investing. By adhering to these few words of advice, you’ll find retirement to be the relaxing vacation you always dreamed of—and be able to afford it.

Extra, Extra!

No matter our age, we’re all paying money toward things we’ve somehow outgrown. This might include memberships to organizations we no longer participate in, automatic withdrawal services for services we no longer use, and dead investments. Evaluate your expenses and determine what is really worth it.

If you’re newly retired, take a moment to reevaluate policies you might have—your car insurance rates and coverage needs may change, for example, and you’ll be happy you reexamined these things. This may also be your chance to renegotiate with service providers you have—the possibility of you taking your business elsewhere may encourage lower rates you didn’t even know existed.

Next, find out what senior discounts you qualify for and utilize your newfound age and experience to get the best price.

Location, Location, Location

It might seem obvious, but the place you choose to live can have a major impact on our finances. This might refer to the particular dwelling where you reside or city where you choose to live. When you’re looking forward, it might be important to consider the possibility of relocation. Consider a smaller house (if you need it), a new neighborhood, or even a new state with a climate better suited to your wants and needs. If you’re interested in something like real estate investment, look at the market in potential cities.

Of course, travel to these places first. The best way to gather information, as Jason Hartman has learned, is by experiencing a place first hand. Take some of your hard-earned retirement money and start exploring the world! Be it by plane, train, or automobile (you could buy that RV you’ve been wanting!) you’ll be sure to find a place that is right for you.

When you’re able to free up money, you’ll find that your investments improve, your lifestyle improves, and your attitude improves. Retirement is all about finding out what works best for you—go forth with gusto! (http://www.flickr.com/photos/mcas_cherry_point/6928552550/)

 

* Read more from Jetsetter

Thinking Outside the Box: Investment Opportunities for Retirees

Five Foods Worth More Than Your Car

 

The Jetsetter Show Team

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