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Stretching Finances in Retirement…Some Thoughts
Inflation is on the march again, fueled by rising fuel prices amid the conflict in Iran. Interest rates are trending downward, affecting return on savings (if you’re fortunate enough to have savings). Healthcare costs are outpacing other areas of senior spending and are projected to do so. So what do you do?
The only comfort in this scenario–and it may not be very comforting–is that you’re not alone here. These problems affect virtually everybody, and some feel them more acutely than others. Back to the question of what to do…CBSNews.com’s Matt Richardson, senior managing editor for their Managing Your Money section, offers some thoughts on coping with financial strain in a post today on their website. Check it out here…