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.
Many baby boomers are choosing to work longer and retire later, not due to financial concerns so much as it helps them feel engaged and purposeful. This is often referred to as the "no retirement".
Retirees are drawn to large metros because they are more likely to have a wide variety of amenities, good transportation, access to leisure and cultural activities, and opportunities for connection.
Want to retire early? Depending on where you live, you may need to step up your nest egg savings to reach this milestone. To find out how much is needed in savings to retire at 40,.
Downsizing for retirement is a good way to simplify your life and cut down on expenses. Making some key changes, like moving into a smaller home, could reduce financial strain and improve your quality.