We hear a lot of financial advice about planning for retirement but receive less advice about what to do with our money once retirement sets in. If you are retired or will be soon, here are some tips to make your money go further.
Create a budget. Knowing how much money you have coming in and going out sounds so simplistic, but it is so important. Think about all your income sources. For many people this includes Social Security benefits, employer sponsored benefit plans and personal investments.