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Have you wondered if you have enough saved or if it makes more sense to move somewhere else instead?
The average Social Security benefit in the U.S. is $21,567.
For a 20-year retirement that comes out to $844,130 in savings.
To save money in this category, consider using coupons, buying store brands and prioritizing sales.
Joining a warehouse club like Costco or Sams Club may make sense if your diet justifies buying in bulk.
If its an option, downsizing significantly reduces your maintenance costs, taxes and utility bills.
Always look for energy-efficient homes or apartments these can lower your utility bills during New Jersey winters.
You may be able to bring these costs down through energy-saving measures.
Simple adjustments like installing programmable thermostats and sealing leaks arounddoors and windowsreduce heating and cooling costs.
You may also save money by comparing rates from different utility providers or looking into bundled services.
Since healthcare becomes a major expense as you age, planning formore than the basicsis important.
All data was collected and is current as of January 8, 2024.
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