Quick Tip No. 3

Develop a spending plan for your retirement. Having a plan for your money and limiting expenses in retirement is important. Consider new ways to cut costs, such as by letting your auto insurer know you no longer drive your car to work.

“Consider continuing to put some of your income into savings, especially for short-term goals such as holiday gifts, because that can help you avoid any sudden withdrawal from your retirement investments,” added Luke W. Reynolds, Chief of the FDIC’s Outreach and Program Development Section.

For the next 13 weeks, we will offer a Quick Tip for Protecting Your Finances. Hope you have enjoyed Week #2, courtesy of Bath State Bank and the FDIC