Make your money last in retirement
Making simple adjustments to how you spend can help funds last through your golden years:
Withdraw at a sustainable rate.
Limit spending to 4% of your retirement nest egg annually. Adjust the amount for inflation each year.
Reduce expenses.
Downsizing to a smaller home is the single most effective move many retirees can make to lower fixed expenses.
Consider a part-time job.
Extra income from working just a few hours a week reduces the need to tap into savings.
Stay well.
Regular exercise, a healthy diet, checkups and following doctor’s orders can keep costly medical bills away.