Cutting costs a new pasttime for retirees

Eliminating some unnecessary expenses and keeping an eye out for ways to save can help keep precious dollars at home.

The golden years of many retirees have been tarnished by low returns on investments and smaller nest eggs than they’d hoped. Meanwhile, longer life spans, increased expenses — particularly rising health care costs — plus a volatile stock market and low interest rates on savings have baby boomers facing tough choices.

 

 

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