In 2023, the average retiree age 65 or older spent just over $5,000 per month. The largest portion of that went toward ...

By choosing to spend money in ways that buy back time—whether through convenience, experience, or connection—retirees can ...

Want to spend a little extra money in retirement without the guilt? There are some strategies you can use. Think of them as permission to spend rules; they are designed to let you splurge a little ...

The 'guardrails approach' to retirement spending signals when you can spend more and when you need to rein it in, giving you ...

As you may regularly hear, people often underestimate the cost of healthcare in retirement. Budget for it like any other ...

While many retirees live on a fixed income and have to find ways to cut down on unnecessary spending or excessive costs, some have a little more wiggle room in their budgets. For those who love ...

Still, your expenses may not drop so drastically in retirement. A good rule of thumb is to expect to need 80% of your former income to cover your costs without worry. So let's run some numbers to see ...

Retirees are often living on a mix of fixed income, a pinch of nest egg and a dash of Social Security benefits that may be significantly less than their former salary. Without proper planning, ...

With one spouse retiring early in life and an eight-year age gap, consideration should be given to the survivorship components for each of their defined benefit pensions, Ms. Guenther says. Sid’s ...