5 Ways Americans Are Planning to Cut Costs in Retirement
Saving enough for retirement is a source of concern in good times, and I think most of us can agree, we're not living through good times right now. 2020 has brought numerous challenges, the most significant being the COVID-19 pandemic. Its effects are both immediate and far-reaching. Some of the unemployed are raiding their retirement savings, and new contributions are out of the question for the foreseeable future.
Americans are already recognizing the effect that the pandemic is going to have on their ability to retire. A recent TD Ameritrade survey highlighted five strategies workers are now considering to cut costs in retirement so they can afford to live comfortably on less money. I explain each of them in detail below.
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Source Fool.com
