01-10-25 ARI News AM

Larisa Asanache
January 10, 2025

Today’s Story

Staying on top of your retirement budget is more important than ever as 2025 brings economic uncertainties and rising costs. One key tip is to review discretionary spending, such as dining out or entertainment, to ensure it aligns with your long-term goals. Small adjustments in these areas can make a big difference in preserving your savings.

Another overlooked strategy is reevaluating your healthcare expenses. With Medicare premiums adjusted annually, retirees often find opportunities to save by comparing plans or exploring supplemental options. A little financial housekeeping at the start of the year can set you up for a stress-free and secure 2025.

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Poll of The Day

Have you created a detailed budget for your retirement?

Fun Fact of The Day

The average retiree household spends approximately $50,000 annually, with healthcare and housing being the largest expenses.