WFP

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Eleven Smart Moves to Make Your Money Last in Retirement

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Eleven Smart Moves to Make Your Money Last in Retirement

Retirement

Financial advisers will tell you that the most telling -- and risky -- years of your retirement are the five before you leave the 9-to-5 world, and the five after you have forsaken a steady paycheck and learn to live on Social Security, perhaps a pension, and a lifetime of wealth accumulation through a retirement plan. Indeed, making your money last as long as you and your spouse do consistently shows up as the biggest worry among folks approaching or in retirement. 

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Eating out might be digging a hole in your pocket– and you probably have no idea

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Eating out might be digging a hole in your pocket– and you probably have no idea

If you guess how much you spend on eating out each month, chances are you’ll greatly miss the mark.

Adults tend to underestimate how much they spend eating out by more than twice what they’re actually spending.

This can be significant. So why is there such a disparity between how much we "think" we spend, and how much we actually spend? How do we close the gap?