Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

13 Key Money-Management Tips Every Retiree Should Know

November 27, 2020 · Personal finance

Have you recently joined the new retirees’ group? If so, then you probably have a lot of things to plan and organize in terms of your retirement finances. One major concern for retirees is that they will outlive their savings, due to a higher life expectancy.  To make sure you set your savings target properly and enjoy a comfortable, worry-free retirement, check out these key money-management tips every retiree should know, according to financial adviser Mike Zaino.

Create a budget

Creating a budget is not only the smartest move in retirement, it is essential for all your life stages. Unfortunately, it is also the most disregarded step in terms of money management, according to Mike Zaino, president and CEO of TZG Financial in Charlotte, North Carolina. After spending years and years building your nest egg, in retirement, your focus should go to preservation and distribution. “You’re living on a fixed income, but your health-care expenses can vary greatly,” says Zaino.

An easy way to track and keep all your spending in control is to use financial sites such as Mint.com and the mobile Mint app. With their help, you can create a budget, categories of expenditures, reminders to make payments and pay bills and so on. This way you can avoid these 13 Financial Miscalculations That Could Ruin Your Retirement.

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Senior woman working on a laptop resting on a lap desk while seated comfortably in an armchair with an ottoman. 11 Side Gigs Perfect for Retirees With Mobility Limitations
  • A woman sits at a wooden table reviewing financial documents and account statements beside a window and bookshelf. 9 Things to Do With Inherited Retirement Accounts
  • Senior couple in a sunlit living room with large windows, one looking outside and one browsing a wooden bookshelf. 8 Reasons Retirees Are Choosing Co-Ops Over Condos
  • A smiling senior vendor weighing produce on a hanging scale for a customer at a sunny outdoor farmers market. 7 Part-Time Jobs at Farmers Markets and Local Fairs for Seniors
  • Mature man reviews Social Security paperwork and a US passport at an outdoor table overlooking a coastal European city. 7 Social Security Rules for People Who Worked Overseas
  • An older woman talks with an adult woman across a sunlit wooden table set with tea and a notepad. 10 Things Retirees Wish Their Kids Knew About Their Finances
  • A senior couple with luggage stands on an outdoor train platform, checking a travel brochure beside a passenger train. 12 Places Where Retirees Can Afford Both Rent and Travel
  • Mature woman sitting thoughtfully at a wooden table with financial papers, an open planner, glasses, and a steaming mug. 7 Retirement Account Rules That Changed Recently
  • Senior couple walking arm in arm along a brick sidewalk past a bakery, bookstore, and cafe table with coffee. 11 Signs You've Chosen the Right Retirement Town
  • Older couple reviewing tax returns and moving paperwork at a table with cardboard boxes stacked behind them. 7 Tax Surprises for Retirees Who Move Across State Lines

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

The States With the Best (and Worst) Social Security Checks

Explore the states with the highest and lowest average Social Security checks, and learn how…

Read More →
An older woman talks with an adult woman across a sunlit wooden table set with tea and a notepad.

10 Things Retirees Wish Their Kids Knew About Their Finances

Learn the 10 financial realities retirees wish their adult children knew about retirement budgets, long-term…

Read More →
Older man in a green jacket reading a pamphlet beside a wooden arrow sign pointing toward voter information.

The Issues Voters Say Matter Most Heading Into November

Explore the key voter issues heading into November 2026, including Social Security solvency, Medicare drug…

Read More →
A retired couple smiling while looking at a tablet in a sunlit room.

8 Factors That Affect Your Social Security Check

Discover the eight essential factors that determine your Social Security benefit amount, including your earnings…

Read More →

18 Places Where Social Security Is More Than Enough

Discover 18 affordable US cities where you can live comfortably on Social Security alone, featuring…

Read More →

8 Reasons Your Retirement Will Be Tougher Than You Expect

Look around you. Take a good look at all the seniors in and around your…

Read More →

10 Warning Signs Your Retirement Will Cost More Than Expected

Nobody wants to be poor in retirement, especially not after a lifetime of hard work,…

Read More →

Top 10 Retirement Planning Apps You Need To Download Today

A well-done retirement planning will ensure you the retirement income goals you wished for. It’s…

Read More →

8 Types of Retirement Income That Are Exempt From Taxes

You’ve always been a hard worker and a conscientious taxpayer, waiting for your retirement day…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.