Saturday, June 29, 2013

When you retire you want to have peace of mind...just watch your lifestyle and enjoy your free time.

Is it Really Hard to Downsize Your Lifestyle?

Depending on the level of savings, retirees should expect to reduce their living income by 25% or more. Many people are tempted to immediately go on a vacation or make a big purchase, but these decisions can have a lasting effect on future savings. The two major areas that a retiree can address are his or her home and vehicles. Moving into a smaller house or to a less expensive region can take a large chunk out of your expenses. Reducing the family fleet to a single vehicle or acquiring a more fuel-efficient vehicle will also free up more income. This is the trade-off you make for the free time that retirement allows.

Call me for a free evaluation of your retirement plan.

Jesse Alvarado
(562)822-5565

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