CNN Money lists as follows:
1. Downsize your living space
2. Give up a vehicle
3. Enroll in Medicare on time
4. Dine at home
5. Lower your tax bill
Here's where I stand on each of these:
- We haven't downsized yet since our kids are still at home, but we could one day. Being able to sell our home and move to a smaller place is one way we've built a . into our retirement.
- I think we will go down to one vehicle sometime in the future. We walk to so many places and hardly ever go in opposite directions, so why do we each need a car?
- I have some years left before I need to consider Medicare. ;)
- We eat at home as much as we ever did -- which is a lot. I've gotten fairly good on the grill and my wife makes great things that are healthy and cost-effective, so why do we need to go out several times a week? The answer: we don't.
- especially if you were a high earned-income generator. I've certainly been enjoying that!
Any of you who are retired taken action on any of these?