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A comfortable retirement can cost upward of hundreds of thousands of dollars, or even millions, for retirees in many cities throughout the United States. However, this is not true of every U.S. city.
Saving for retirement is only part of the process of ensuring financial security during your golden years. The other part is planning how and when to withdraw funds from your retirement savings.
There's a reason why financial experts recommend saving for retirement as soon as possible living on a fixed income can be difficult and it's easy to blow through your nest egg. Daily expenses add.
Most retirees live on a fixed income, so they look for ways to cut down on expenses and save money. This isn't always easy to do, especially if you already feel like you're living with the least.