Retirement for baby boomers comes with a lot of freedom, as well as some financial prudence. Depending on how well boomers have saved and the amount of money they receive from Social Security and retirement payouts, they might be looking at their budget to find ways to scale back. One of the best line items to trim from the household expense sheet is subscriptions, even if they might be painful to part with.
“Every dollar you keep working for you can help give a little more financial peace,” Trevor Houston, CEO at ClearPath Wealth Strategies LLC, explained. “I’ve seen many retirees hold on to their subscriptions from habit and over time those small monthly fees can gradually eat into their retirement savings.”
