Retirement brings thoughts of a leisurely life doing the things you’ve always envisioned in post-work life, but reality may paint a different picture for soon-to-be retirees, especially for those without a substantial portfolio.
For retirees living on a limited budget, finding an affordable place to live is essential to avoid outliving their funds. Researching the top places to retire on a budget can help mitigate that risk. Unfortunately, people don’t always perform due diligence, which can hamper retirement life, according to The New York Times. Larger cities may seem ideal for retirement living, but they’re often exorbitantly expensive for many retirees, especially those relying on Social Security.
