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Social Security Cuts: Expenses Retirees Should Avoid Completely

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That’s the case with proposals to raise the full retirement age for collecting benefits, which has the backing of more than 170 members of Congress.

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A Second Car

This might have been a necessity in previous years, when you and your spouse were juggling careers.

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Dining Out

This should be one of the first items to go whenever you need to trim your budget. Dining out is essentially a luxury — even if you have grown tired of cooking.

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Impulse Purchases

Retirement is the time when you need to rein in these kinds of purchases — especially with lawmakers talking about Social Security cuts.

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Peak Travel Costs

When you were working you probably had to fit travel into weekends or around holidays — the most expensive times to hit the road.

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Kids’ Expenses

A recent survey of 1,000 parents with kids ages 18 to 42 found that more than half (55%) still help their adult children financially.

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