From Yahoo Finance: 2025-06-21 06:02:00

Many workers underestimate the need for a new budget in retirement. Lifestyles change, and expenses may decrease. Common bills, like mortgages and car loans, can be eliminated. Taxes may also decrease, and life insurance may not be necessary. Payroll taxes can be eliminated in retirement, saving money. Dry cleaning and commuting costs can also be cut. (Words: 50)

Retirement can bring financial relief as common expenses vanish. Mortgage and car loan payments can be eliminated, freeing up cash flow. Taxes may decrease, and life insurance may not be needed. Payroll taxes can be avoided in retirement, saving money on income. Dry cleaning and commuting costs can also be eliminated. (Words: 47)



Read more at Yahoo Finance: 7 Bills You Never Have To Pay When You Retire