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Many people envisionretirementwith millions of dollars in savings.
But you dont have to be a multimillionaire to leave retirement peacefully.
Heres why you dont need millions to retire andhow it’s possible for you to retire with less.
It could be in the U.S. or any other country.
These cities are much cheaper than the big ones.
For instance, cities like Tulsa, Oklahoma or San Antonio, Texas, are worth considering.
If youre open to moving abroad, you could save even more.
Mexico offers even more savings, with costs51.9%less than the USA.
Moving to a cheaper place greatly reduces your living costs.
This means your retirement savings can last long, allowing you to live well without having millions saved up.
This can be an excellent choice if you are in the position to make it.
For example, most retirees change houses fromfamily suburb homesto smaller apartments or condos meant to fit a couple.
However, the cost of homes in smaller houses in relatively cheap areas can be much lower.
Also, some retirees choose to live in RVs, which can be economical and convenient.
Full-time RV livingis inexpensive as it allows you to travel from one place to another while spending little money.
New RVs can be as cheap as$10,000and as expensive as $400,000.
Writers can generate income by creatingblogs, books oroffering freelance writing services.
Artists can make crafts for sale on Etsy or at craft fairs.
Retirees generally start small, either part-time or independent of any employers, and grow income.
For many retirees, prevention routine exercise, healthy diet, annual health check-ups can also cut costs.
Staying fit through retirement boosts life quality and medical expenses.
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