15 things that are cheaper in retirement

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15 things that are cheaper in retirement
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Life isn’t cheap and saving for retirement isn’t always easy. But once you hit that magical age, you can begin to relax and reap the benefits of your nest egg.

Whether you’re currently retired or still a few years away, this list from Cheat Sheet highlights a few things you can look forward to finding cheaper so you can save more, spend less and enjoy retirement.

Read more: 8 mistakes to avoid so you don’t go broke in retirement

Golden deals for your golden years

Traveling

When it comes to travel deals, time is definitely on your side in retirement. An increase in time in your schedule means you can travel during the off-season for a fraction of the high-season price, and last-minute deals pop up often so you can travel on a dime! Plus, both airline and cruise lines typically offer senior discounts.

Read more: The #1 rule of cheap travel

Education

It’s important to keep your mind active as you age. Many colleges allow seniors to attend courses for free so check with your local university for details. You can also take numerous online courses for absolutely nothing.

Read more: Where to take free online courses

Taxes

You finally get a break from taxes because you’re most likely no longer paying into Social Security and Medicare. You may also be eligible for an additional elderly or disabled tax credit.

Read more: 10 free or cheap Social Security calculators to help you plan retirement

Dining out

Most restaurants offer early-bird specials and senior discounts that take a major chunk off your bill. Looking to save even more? To hold down the cost of the bill, money expert Clark Howard suggests drinking tap water and avoiding the Bermuda Triangle of the restaurant industry where restaurateurs make their biggest profits: appetizers, desserts and alcohol.

Entertainment

Similar to traveling, time is your friend when looking for things to do around town. Movie theaters and museums usually offer senior discounts or cheaper rates on certain days — or both! Be bold and ask for a discount, otherwise you might miss out.

House work

Without the time suck of a nine-to-five job, you can finally tackle home repairs and improvements at your leisure. Not too handy? YouTube videos are a great resource for DIY tutorials.

Clothes

Goodbye wool suits, hello linen pants! You can save big by just dressing casual and eliminating the dry cleaning bill. Consider donating your old work clothes and using it as an additional tax write-off.

Commute

Time and money go back in your pocket when you lose your road warrior commute. To save outside of the box, alternative travel services like Amtrak and Greyhound offer senior discounts.

Insurance

Access to Medicare and Medicaid is a huge perk for your health in retirement. You might also be able to save on auto insurance by shedding a vehicle or driving fewer miles.

Savings contributions

After years of consistently saving for retirement, you can finally enjoy your nest egg. While it’s still important to save, you can have a little more fun with your funds!

National park admission

Touring the U.S. is cheapest when you’re retired. In fact, the “America the Beautiful” pass is your ticket to more than 2,000 sites, and it’s only $10 for a lifetime membership for seniors.

Utilities

Many cable and power companies offer senior discounts that can save you big so check with your local service provider for complete details.

Gym memberships

It’s never too late to get in shape! National gyms like the YMCA offer senior memberships at a discounted rate. Silver Sneakers is a fitness program through Medicare that offers discounted gym memberships and fitness classes.

Cellphone plans

Many phone companies offer discounts for seniors. Generally, Clark recommends Republic Wireless or Sprint as the best deal for one person, or T-Mobile or Sprint for families. This cell phone guide can help point you in the right direction.

AARP discounts

From shopping to dining to home repair, AARP members get discounts on practically everything. If you join before you retire, you can get in the groove of saving and sail into your golden years with money in your pocket.

See the original list at Cheatsheet.com!

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Sally McDonald About the author:
Sally is the newsletter editor for Clark Howard brands. She enjoys great travel deals, minimal living and saving big bucks. She lives in Atlanta, Georgia, with her husband.
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