Living Cheap in Retirement

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In order to live cheaply in retirement, a person should spend less and change their daily habits. Make readjustments and consider selling a home to live in inexpensive retirement with help from a licensed insurance agent in this free video on retirement planning and personal finance.

Part of the Video Series: Retirement Planning
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Video Transcript

Hi, my name is Bill Rae. I'm a licensed agent and I've been in the finance field for well over two decades. The question is, how to live cheap on retirement. That's an excellent question. One that I've contemplated myself for a long time. How to live cheap on retirement obviously means we're going to have to take a look at our present lifestyle. If living cheap in retirement means you want to start spending less, then one's going to have to change your habits. For instance, if you live in a nice big fancy home, and you're not willing to pay the taxes, and insurance and everything else that comes with it, consider selling the home. My idea of a cheap retirement vacation would be not to tell anybody, sell the home, buy a small minivan or a Winnebago and disappear on the road. But that's my cheap retirement. Anyway, serious thought of the matter is you're going to have to do some readjustments. There are many places where you can move to and lower your standard of income or your standard of expenses. My name is Bill Rae and I'm helping you build wealth.


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