For retirees, making savings stretch is just as important as building them. Especially in today’s economy, it’s important to know how to stretch and sustain your financial resources. Here are smart strategies to help your money go further:
Create a withdrawal plan: Follow the 4 percent rule—withdraw no more than 4 percent of your savings annually to help your nest egg last 30+ years.
Be mindful of inflation: Factor in rising costs when budgeting. What covers expenses today may fall short in a decade.
Limit large lump-sum withdrawals: Taking out big chunks can drain your savings faster. Stick to smaller, consistent withdrawals.
Delay Social Security (if possible): Waiting until full retirement age or beyond increases your monthly benefit, giving you more income over time.
Keep a cash reserve: Having 6–12 months of living expenses in a liquid account helps you avoid selling investments during market dips.
Help us protect Social Security. Sign our petition and join the fight to secure the benefits retirees have rightfully earned.
