8 costs to cut in retirement

If you are on a fixed income, you might need to reduce or eliminate these unnecessary expenses to live comfortably.

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VIDEO ON MSN MONEY

307Comments
Oct 29, 2013 11:06PM
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WHAT A BRILLIANT ARTICLE!  Let's see: I want to make sure I have this right....

This report says, If you are 65 year or older:

1. Do not spend money on Food.

2. Sell your car and buy cheap gas..or no gas. (where do you have to go? you're old remember).

3. Tear up your credit cards

4. Do not buy any type of insurance...after all...you're old.

5. Don't travel or go anywhere unless you stay in the cheapest hotels

6. For the love of all good things, don't gamble.

7. Cancel your Cable TV....turn in your cell phones (High tech is for the young).

8. Don't repair your house unless you're good with a paint brush.  

Looks like you'll be spending a lot of time on the back porch, or in a walking club.

Is this a glimpse of life under this government regime?

The working bees are financially punished in retirement? What an AGE-IST report.

Oct 29, 2013 8:49PM
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This is not just about retirement, it is about things you better learn by the time you get out of school. If you are 20 years old and don't have the sense to manage your life including money I doubt you'll be able to retire anyway. This writer shouldn't need to tell this story to retirement age people, they already are ahead of this info, that is unless they are mentally challenged!  
Oct 29, 2013 9:45PM
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Wonder how much fluff the retired politicians are willing to cut out of their lives???

Hint: None. Why else do you think they voted themselves such sweet retirement packages paid for by the taxpayers?

Oct 29, 2013 9:51PM
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Quite possibly the stupidist article I have ever read!
Oct 29, 2013 9:06PM
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   Let see, last week we got an article on working till you re ready to die.  This week, it s an article on how to do without things.   Well, guess what, my wife and I will live better in retirement than while we were working.  Instead of writing an article about how to do without, try writing an article on how to save for retirement.  Oh wait, people can t save for retirement because they ll be to busy paying for healthcare, higher taxes and anything else the government can heap on us.  I ll have worked 42 yrs when I retire.  Do with out or work till death, I don t think so. WRITE SOMETHING USEFUL, INSTEAD OF GOVERNMENT PROPAGANDA!
Oct 29, 2013 8:17PM
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I do this stuff anyway and have been doing it all my life.  What is really new here?  Oh, like is this a wake up moment or something?
Oct 29, 2013 9:15PM
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Yes, your life as productive useful citizen is now over. So here are a few tid-bits to help you out in retirement, and hurry up and die so your not a drain on the Social Security Fund that you have paid into your whole working life.
Oct 29, 2013 8:41PM
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That’s right, cut costs on everything so you can afford health care. If you buy generic and save 50 cents per can on your next 3000 cans of beans you can pay for one crown on your tooth.

Oct 29, 2013 9:53PM
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Your kidding right, this article is a joke. Who gets paid to write this crap.
Oct 29, 2013 11:16PM
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Worked hard all of my life and scrimped and saved.....what, msnbc want me to leave it for the nursing home???  Hahahahahha ...Nope!!!

 

Oct 29, 2013 10:28PM
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Don't spend money on cars?  My last few vintage cars provided me much more pleasant driving than the plastic boxes that pass for cars now, and they go up in value.  When you buy one/upgrade it for (say) 10k and sell it for 20, then you can build another one and so on.  That is a fun and easy business for a geezer.  Keep your car money advice to yourself "Sienna".  Nobody named "Sienna" is old enough to get that.  Shut up and sit down.
Oct 29, 2013 9:26PM
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If you've done it right all along, you shouldn't have to worry about cutting these 8 costs in retirement! 

I would especially disregard #6. Buy a new vehicle now and enjoy.

You earned it, spend it while you're above ground.........the kids will understand!

Oct 29, 2013 9:24PM
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After reading this, I guess I should go live in the woods.  The retirement ads always show a happy couple.  I am not a couple.  I've been a DIY person all my life and have a degree in construction from trade school, but arthritis now limits me.  As far as food - there are food pantries.  Life insurance - forget it.  Health insurance - don't have any.  I just sold my big house for a small mobile home in a cheaper state.  I will have no furniture when I get there and don't plan to junk it up with a lot of stuff either.  I'll get by some way, somehow.  It's possible to travel and do all the things you wanted to do in retirement if you just think out how to obtain these things for free or cheap.  I have no intention of spending my retirement twiddling my thumbs and wishing for things.  You gotta make it happen and you gotta be smart about it.
Oct 29, 2013 10:11PM
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With the exception of cable I do all of that now.  Wow, that was a big help.
Oct 29, 2013 10:30PM
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Damn, looks like I'll have to forgo the Bentley!

 

Oct 29, 2013 9:48PM
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None of this rocket science!  Dauhhhhhhh!
Oct 29, 2013 9:14PM
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this is the first time I've seen msn money write an article from the prospective of   someone being dirt  poor and not in the top 10%. thanks for the change up but this is all common sense.
Oct 29, 2013 9:37PM
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I'll never be able to afford to retire, so screw it all.....
Oct 29, 2013 9:03PM
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I would have to agree with Arizona Outlaw. I retired from the active military at 47 yrs old with 24 years of service, and was enlisted. I worked until Feb this year and now am a 49 year old full retiree. This year alone my wife and I travelled the east coast, went to Europe, and I was in Europe two times more and the Middle East once. One thing I'll ALWAYS keep.....our life insurance policies. Ever get sent to collections for not paying a funeral cost of a loved one? Not a good feeling. Sure it's for my children...DUH! Do you think they'll have Social Security when they're old enough? Hell, I won't even have it....seriously
Oct 30, 2013 12:53PM
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I guess the point of the article is, you should cut your spending to match your reduced income. If only our government could get their arms around that concept.
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