US States Where 100k Will Last the Longest in Retirement
Stretching your nest egg as far as possible is something that’s most likely front of mind for most retirees who aren’t very wealthy. With no new sources of income aside from Social Security or possibly a pension, it’s important to find a place to retire that won’t drain your savings. You don’t want to have to tap your retirement savings early.
However, getting a clear sense of exactly how long your money will last you requires understanding how much it costs to live in the state you’re calling home. As anyone trying to get by in somewhere with a high cost of living can attest, even basic necessities can quickly start to winnow down your retirement account. And it only gets more complicated if you decide you don’t want to spend your entire retirement in the same place, as your costs won’t be consistent throughout your retirement.
That’s why GOBankingRates performed a study to compare the cost of living in every state and determine how long you can survive off of $100,000. Granted, $100,000 won’t buy you a lot of time. But it will give you a sense of just how much you need to save to prepare for the retirement you want.
Click ahead to where $100,000 will last the longest in retirement.
Cut Your Energy Bill This Winter with 35 Pro Tips
Just as we tend to bundle up in winter, wearing lots of layers in order to conserve our body’s heat, there are lots of things that we can do in order to conserve our winter dollars.
Here are 35 ways that you can lower your energy bill this winter — and in many cases, throughout the year and in future winters as well. Some are easy and some will take an investment of time and/or money, but each can help you keep more of your hard-earned dollars in your own pocket instead of in your utility companies’ pockets!
50 or Older? 10 USA Stores Have Massive Discounts for You
Not everyone likes getting old, but that doesn’t mean we can’t take advantage of it.
Many retailers across the nation offer a wide variety of “senior” discounts to people as young as 50. Some entail stipulations beyond age, such as an AARP membership. But not all places have that requirement.
The following stores offer senior discounts that don’t require an AARP membership. At most, you may have to show identification to prove your age or join a store’s free loyalty program to qualify for the discount.
11 Expert Tricks for $1 Million Just Using Your 401(k) Plan
This major milestone can be attained
It’s not a magic number, but when your 401(k) finally hits the $1 million mark, it certainly feels like a major milestone.
You’re not there, yet? Not even close? Well, consider the average cost of retirement is $738,400, according to Merrill Lynch’s 2017 Finances in Retirement study.
Many retirees need quite a bit more. Your own number will vary depending on your standard of living and lifetime income and savings, so it’s best to use a retirement calculator or meet with a financial advisor.
But for now, consider $1 million just because it’s a round number and a decent starting point. How can you get there? We turned to financial planners for their best tips.
Click through gallery to see what they said.
25 Things Dollar Stores Are Keeping Away From You
DOLLARS AND SENSE
The most common variety store chains in the United States tend to have “dollar” in their names, but that doesn’t necessarily imply a certain cost or even mean that there are similar products in each store. We even found some items you shouldn’t buy at a dollar store. We did some digging and found out some of the secrets behind “dollar stores,” and why they’ve become such a large part of the U.S. consumer landscape.