| Retirement can be a time to sit back and enjoy life | | | | 4. Review where you take your distributions. With |
| but if you don't have enough retirement income it | | | | retirement savings, the age at which you take your |
| can put limits on the things you're able to do. | | | | distributions can make a big difference. You might |
| Unfortunately, a lot of people don't start saving for | | | | consider using Social Security money before you into |
| retirement until later in life and, therefore, don't end | | | | your taxable investments. You want to make sure |
| up with a lot of money to spend in their retirement | | | | you're taking your distributions in a way that lessens |
| years. Here are a few tips on some things you can | | | | your tax fees. This means more money in your |
| do to make your retirement dollars go a bit further. | | | | pocket. |
| 1. Review your budget. Write down everything you | | | | 5. Review your insurance. Increasing the deductibles |
| are spending to what you're spending it on and figure | | | | and your insurance can save you up to 20% of the |
| out ways to cut expenses on things you don't really | | | | premiums and that's money that you can spend on |
| need or enjoy and free up money out to spend on | | | | the things that you enjoy. |
| other things that you really want to do. Perhaps | | | | 6. Keep contributing. If you're still working full time or |
| instead of going out to the movies you could rent | | | | even part-time during your retirement make sure you |
| DVDs and spend the money saved on going out to | | | | take advantage of the company retirement plan by |
| eat. Some little adjustments on what you spend can | | | | contributing as much as you can. This way you will be |
| help you have money for the things that are really | | | | stashing away pretax dollars which will also help |
| important to you. | | | | lessen your tax burden each pay period. |
| 2. Review your investments. Take a look at your | | | | 7. Seek professional help. While you might not what |
| retirement investments to see if you really getting | | | | to spend the money on the tax advisor it may be |
| the most out of them. You can invest your money in | | | | money well spent if they can save you money each |
| stock market bonds, distribution bonds venture | | | | week. Consider seeking the help of a professional to |
| capital trusts or simply put it in savings but a few | | | | make sure that you are funding your retirement the |
| extra interest points can give you extra spending | | | | best way possible for you as it relates to taxes. |
| money so you want to really look at how you have | | | | Looking at the retirement income should not take up |
| your money invested. | | | | all your time, but it is something you want to pay |
| 3. Save a little bit. Even if your retirement income is | | | | attention to as it can be a delicate balancing act |
| limited, you might consider putting a little bit away for | | | | between making sure you have enough for the |
| savings each week. This will give you a little bit of a | | | | years you going to live but also that you can enjoy |
| nest egg in case something comes up. That way you | | | | those years by spending on the things that you like |
| won't have to short yourself in a weekly spending if | | | | to do. Hopefully these tips will help you be able to |
| a big expense arises. | | | | have a bit more fun during your retirement years! |