How can a retiree avoid being broke, after retirement there isn’t much to do and all of your responsibility will not go away, how to sustain oneself during these times giving that income isn’t coming in?
How can a retiree avoid being broke, after retirement there isn’t much to do and all of your responsibility will not go away, how to sustain oneself during these times giving that income isn’t coming in?
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Actually to avoid being broke in retirement, retirees can include *Budget wisely: Plan your expenses and stick to a budget to ensure you're living within your means. *Invest sensibly: Diversify investments to reduce risk and ensure long-term growth. Consider part-time work: Explore opportunities forRead more
Actually to avoid being broke in retirement, retirees can include
See less*Budget wisely: Plan your expenses and stick to a budget to ensure you’re living within your means.
*Invest sensibly: Diversify investments to reduce risk and ensure long-term growth.
Consider part-time work: Explore opportunities for part-time work or freelance gigs to supplement income.
*Downsize if necessary: Consider downsizing your living situation or selling assets to free up cash.
*Stay informed: Keep track of financial trends and consider consulting with a financial advisor for personalized advice.