Four Retirement Tips for Frugal Folks
- Shed some wheels. If you're a two-person home, do you really need eight wheels? Try living without one of your cars. Renting a car when you have an occasional vehicle conflict is less costly than paying double for insurance, maintenance and gasoline.
- Comparison shop. Pharmacies often charge different prices for the same medicine. See which offers the best price. If you're taking a long-term drug, consider mail-order pharmacies, which often charge lower prices—and save you gas money on trips to the drugstore.
- Split the cost of movie night. Go in with a neighbor or friend on the cost of a mail-order movie club. One of you views the DVD first and then passes it on to the other. Now you have change to spend on hot, buttered popcorn.
- Make cash-free gifts to charity. A gift in your will or living trust of a percentage of your estate helps us continue our mission well into the future. Or you could name us as the beneficiary of your retirement plan assets. When given to a tax-exempt charitable organization such as Gustavus Adolphus College, we can receive your gift free of income and estate taxes. Contact Jackie Peterson at 507-933-7543 or firstname.lastname@example.org to learn more.
|A gift of your retirement plan assets is one of the most tax-savvy ways to make a difference. Learn more in our free guide.|