So you didn’t save enough on retirement. Chances are you’re not alone. Studies have shown that Americans are not saving enough for retirement. However, if you are living on a smaller budget, there are many places that have a lower cost of living that are perfect for retirees. It is possible to retire on less than $75 per day.
1. Akron, Ohio. Akron is a great place to retire to if you still want to go out and do fun things. Many places in Akron offer discounts to seniors such as, Akron Art Museum, Akron Symphony Orchestra and the Akron General Medical Center, Summa Akron City and St. Thomas Hospitals. In addition seniors, on average, pay $1,087 a month for a mortgage, and $646 a month on rent.
2. Augusta, Georgia. If you’re a fan of golf, you’ll love the many golf courses that are in Augusta. However, the cost of housing here is what makes people stay. The average cost for seniors with a mortgage is $1,057 and $616 in rent.
3. Chattanooga, Tennessee. If you want to be on the water and be surrounded by mountains, Chattanooga, Tennessee is a great place to consider. The Tennessee River runs right through the city creating beautiful scenery. Seniors tend to pay around $1,023 per month with a mortgage and $644 for rent in Chattanooga.
4. Greenville, South Carolina. In addition to the many, many free things to do in Greenville, the housing cost for seniors is around $1,027 with a mortgage and $673 for rent.
Of course it’s not easy to have a worry-free retirement when you’re retirement nest-egg is still invested on the risky stock market. On-going fees and commissions along with the risk and corruption that exists within the financial industry could cost you a great deal of your retirement savings…money you can’t make up if you’re already in retirement and not working. Get educated on the exclusive Crash Proof Retirement System- guaranteed to protect your principle so when the market crashes, your accounts satay event, but can also be designed to generate income and take advantage of market increases. Start your education today by calling 1-800-722-9728 or go to Crashproofretirement.com and register to attend a no-cost/no-obligation educational evet with the creator of the proprietary Crash Proof Retirement System: Phil Cannella.