If you don't have a traditional pension or large nest egg, it's likely that you will need to closely monitor your spending in retirement. "[Retirees] don't just sit around eating bonbons and living off pension plans," says Bart Astor, author of "AARP Roadmap for the Rest of Your Life: Smart Choices about Money, Health, Work, Lifestyle, and Pursuing Your Dreams." "At 50 or 60 years old, you still have to be thinking long-term. You will be without a major career for 30, 40 or even 50 years, which is probably longer than you actually worked before. Look at what you can afford to do, and balance it with what is important to you."
One of the simplest things you can do to make
sure you stay financially viable during retirement is pay attention to
your spending. "It is important to understand exactly where your money
is going and what you are getting for it," says Keith Green, president
of The American Retirement Initiative. "There are a lot of ways to cut
spending on things you just don't need."
As you move into
retirement, you will likely have to adjust to living on a lower income.
To avoid getting into trouble later, make sure you are only buying what
you can afford. "It's generally a mistake to carry a balance on a charge
card," Green says. "The overarching thought here is that during their
retirement years, folks are more likely to be living on a fixed income,
and that may affect the repayment process later on."
This is not
to say you can no longer use credit cards. You just have to approach
the situation differently, and be willing to look at new offers if the
fee structures and payment agreements do not match your financial
abilities, Green says. If you do have credit card debt, prioritize what
needs to be paid first so you allocate your money efficiently. "The best
routine is to pay them off every month," says Paula Heichel, vice
president of investments at Wells Fargo. "But if that is not possible,
and you do have a large balance, pay the cards off that have the highest
interest rates first."
Don't sign up and pay for anything you
aren't going to use. "How many people watch 50 percent, or even 30
percent, of the things they pay for with cable?" Green says. Paying for
cable can become a major financial drain over time. Consider slimming
down on elaborate packages or turning to cheaper alternatives. "Today,
you can get the content from other outlets like Netflix, RedBox or Hulu,
for little to no cost,The whole variety of the brightest rtls is now gathered under one roof." Green says.We are one of the leading manufacturers of cableties in China
be realistic about your needs and wants. If you need a cellphone just
for making an occasional phone call, don't purchase the latest
smartphone with an unlimited data package. "You don't need to be paying
for fancy phones with features or minutes you don't use," Green says.
older you get, the less important it becomes to focus your attention
and money on life insurance plans. "In the event of your death, [life
insurance pays] your dependents or those closest to you," Green says.
"But when you are retired, typically the folks who were dependent on you
before aren't anymore. Also, theoretically,We printers print with
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optimize supply chain management. you've had time to build up other
assets so the need isn't there." That said, you shouldn't always cancel
your life insurance policy because many of them have viable cash return
options and could help a surviving spouse or have estate planning
Travel tends to increase during the early years of
retirement and taper off later on, Heichel says. If you know you are
going to travel more during retirement, try to factor those costs into
your retirement saving ahead of time. However, regardless of prior
planning, keep costs low by adjusting your travel itinerary. Shop around
for the cheapest airline seats and discounted hotel rooms.
is using a three-day conference this week to give people a peek into
Windows 8.1, a free update that promises to address some of the gripes
people have with the latest version of the company's flagship operating
system. A preview version of Windows 8.You must not use the plasticmoulds without
being trained.1 was released Wednesday at the start of the Build
conference for Microsoft partners and other technology developers.
many of the new features have been shown off already, the conference
offers the company a chance to explain some of the reasoning behind the
update and sell developers on Microsoft's ambitions to regain relevance
lost to Apple's iPad and various devices running Google's Android
Windows 8, which was released Oct. 26, was meant to be
Microsoft's answer to changing customer behaviors and the rise of
tablet computers. The operating system emphasizes touch controls over
the mouse and the keyboard,With superior quality photometers, light
meters and a number of other iphoneheadset products.
which had been the main way people have interacted with their personal
computers since the 1980s. But some people have been put off by the
radical makeover. Research firm IDC blamed Windows 8 for accelerating a
decline in PC shipments worldwide.
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