7 costs that will decline in retirement

Retirees have an opportunity to save money on these expenses.

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Apr 12, 2014 3:35PM

When I retired 8 years ago my health insurance was $400 a month. This year it is $800. When I retired 8 years ago gas was $1.83 a gallon it's down to $3.50 a gal where I live. When I retired 8 years ago cattle was selling for $.59 a pound. Last week cows sold for $1.10 a pound. my property taxes were $1,200 this year they were $1,600. But I'm not worried. The govmnt says there is no inflation and gave me 1.5% more SS to prove it. I'm only worried that there might be inflation in the future because I can't really afford the 0% we've had so far?

Apr 12, 2014 3:39PM
what a bunch of BS nothing goes down when you retire except your income
Apr 11, 2014 10:26AM
If you are retired and can make it on your income consider yourself fortunate. Maybe you planned for retirement and maybe not, but if you can make it more power to you. The younger people coming behind us most likely will not have it as prospersous as we have had. I am 72 and have been retired for 12yrs. and supporting a granddaughter in college, and feel great to be able to do that.
Apr 11, 2014 11:38AM
Your clothing may not wear out as quickly but it will go out of style hanging in your closet.  You will still have to buy clothes unless you just plan on only going to the grocery store after retiring.

Your laptop will become obsolete and you will now have to pay someone to set up your new one because you no longer have access to the office tech support.

I will have to pay A LOT more for health insurance with Medicare than my employer's plan has cost - an increase of $3000 per year.

Beyond that, I won't save any money on lunches because I already eat at my desk.  I already do any traveling in the middle of the week.  I already take the time to research all major expenses to get the best price.  I only drive 5 miles to work and I hope to go a lot more places after retiring so my car will get MORE wear and tear.

From my estimates the only expense that will go away is the $1000 parking decal I have to buy each year.  All my other expenses will either stay the same or go up.

Apr 11, 2014 9:30AM
I have been retired going on 12 years and I can tell you over half of these are wrong...... also the one about making less paying less taxes is stupid, anyone would prefer to make more and pay more taxes and the ratio improves at a point relative to overall expense. Some of the people writing most of this stuff are also stupid.
Apr 11, 2014 8:21AM
Already had this figured out a long time ago and I know many future retirees have already also. I just look forward to being my own boss and not having to put up working around others who have too much time on their hands and want to get into my business. That will help me out health wise.
Apr 11, 2014 12:02PM
What about lower income. Since food etc. prices g0 up you have less m9ney to spend on them.
Apr 10, 2014 10:58PM
What about the senior citizen's discounts?
Apr 12, 2014 3:25PM
and of course it goes down even more when your dead....one suit of clothes, etc.. except for the initial funeral home costs... ahhhh   the things to look forward to !!!!
The idea that you save money during retirement is not logical.  I have gone through this with my in-laws and my parents and friends.  Yes, if you bought your lunch every day and you are now staying home every day---then you will be saving in proportion to how extravagant your lunch time spending was or was not.  There is always the "both sides of the coin" --- yes you can save on daily gas consumption---but cars less driven still deteriorate and there are some who will tell you that dry rot will be more damaging then everyday use.  As long as you are healthy and knowledgeable, you may take on some of the chores you may have been once paying others to do---lawn work, house repairs/maintenance----or not so much because you are not inclined to do so---plus we may then have to go out and buy ladders and painting equipment---that we never had to before because we paid others to do such things.  Also, we may be retired but that does and mean family and friends that we may want to visit are---so, it may still be necessary to travel at the more costly times to arrive and depart when it is convenient for those we are visiting.  Plus, traveling can be done in an economic fashion---but there are still expenses to it and those might eat into the savings that you see in not driving to work every day or dressing for work every day.  If we are frugal souls before retirement---then we will be frugal souls in retirement; however, the idea that life gets less expensive when we retire is false.  We generally have to take on the expenses of paying even more folks for things that we can no longer do as we age.  And, then, there would be silly policy makers and silly business people who muck it all up for all of us because they are not really all that smart and make choices based on their greed.
Apr 12, 2014 4:26PM

Moved to Florida for our retirement. Should have researched supermarkets before doing so. We're paying an average of 38% more for grocery items here than where we use to live which takes a big chunk out of our monthly retirement. The same goes for our co-pays which have been raised since retiring. This article makes it sound nice and rosy for everyone which it isn't.


Apr 11, 2014 10:36AM
NOTHING drops,....costs RAISE.  OBSERVE.
Apr 12, 2014 4:06PM
What a crock of an article....like I am going to start dressing like a rag doll and my vehicles will last 20+ years.....hahaha!  What a joke!
Apr 11, 2014 12:56PM
Give me something tangible with real savings. 
Apr 10, 2014 10:34PM
Article is just about 100%. Since retiring we travel weekdays and take early or late flights with Southwest flights using Southwest Visa points. We charge everything possible plus shop on line with Rapid Rewards shopping points. Have plenty of clothes and living in the Southwest the wardrobe is used all year long. Gasoline, maintenance and mileage at  least 60% less. My 2004 Mercury Grand Marquis has 67,000 miles on it and is just about broken in. We joined the YMCA on the military family plan and have made many new friends while losing weight. The only thing that is higher is our tax bite because our incomes are about the same however our deductions are much less. Paying a little more in taxes and having all the kids on their own is OK with us.
Apr 11, 2014 1:16PM
Retirement is great. You have more time and you get to choose how you want to spend it. At work, I always looked forward to getting away....now not so much. I enjoyed work, but I tended to overdo it and work many hours a week. Now I do the work that I choose and the time that I choose to do it. At times, I still find that I work too many hours, but the worse situation that I can think of is just sitting in front of TV with too little to do...Retirement for me is more freedom. Maybe I am lucky that I dont have the financial problems....but I really dont think that is all luck...
Apr 12, 2014 4:37PM
This is the STUPIDIST list I've ever seen. Rediculous savings from idiots.
Apr 11, 2014 1:49PM
Planned out my retirement ten years before doing so. Summer in Colo. Winter in AZ. Full time RV er Work part time in camp grounds. Single with ladies all over the country. Life is good. This article about 50% true.
Apr 11, 2014 8:34AM
Article is spot on. Time to do research.  Discovered an open secret in the MN state property tax laws that allows a 50% annual credit on property taxes (if disabled) on the first $50k of assessed value. Saves us $350 a year.  Discovered 13$ a month life line credit on phone bill for folks who are collecting SSI.  Spent 42 years paying income taxes as a road warrior.  With SSI and private pension the income is really about the same at the end of the month if you keep a budget, as we have for over 40 years. But the real juice is you have much more time to figure out how to keep the bucks from flying out of the wallet, more time to just smell the flowers and taste my own burr ground home brewed coffee that I no longer pay 5 bucks a cup for.  Life is good!
Apr 12, 2014 6:31PM
    We retired 5 years ago. Vehicle use dropped 90%. Other than property tax and sales tax, we pay no other taxes.We planned for retirement decades ago and enjoy retirement without money worries. This month we will be giving a home we own to our two children who are having difficulty finding full time employment. They can easily afford the property tax and insurance premiums. We will give our other children homes in the future. Please people, plan ahead for retirement, you'll be glad you did. I have a suggestion for all of you, and these have worked for us. Don't use that credit card unless ABSOLUTELY necessary, I've used a bill consolidation loan in my past when things went a little out of control (things happen). Carpool if possible, use coupons and don't be embarrassed to use them. DON'T keep buying new cars, especially foreign ones. Our newest car is a '05 Taurus, our oldest a '67 Chevelle. I drive my '84 Chevy Van every day. Shop at discount grocery stores, amazing savings there. Read up on how to save on utilities. Live a simpler life style, forget about 5 star resturants and 5 star hotels. Plan some hobbies like fishing, gardening, riding your bike. These are the years you have worked so hard for, think positive and don't let negative comments from friends or relatives about retirement get you down. Retirement is how you plan for it, and how you do it. Now think positive, take care of your selves, and enjoy the best years of your life.
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