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Retirees Spend 80% of Their Income in These 5 Areas | How Do You Compare? 1 год назад


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Retirees Spend 80% of Their Income in These 5 Areas | How Do You Compare?

This video highlights the five major categories where retirees spend 80% of their income. The data is broken down by average dollar amount and percentage for easy comparison. The video also gives 23 proven and easy ways to reduce spending in these categories, while at the same time maintaining approximately the same quality of life in retirement. DATA Bureau of Labor Statistics Survet of Consumer Finance, September 2022 https://www.bls.gov/cex/ Private Label Manufacturers Association https://plma.com/ 00:00 Introduction 03:52 Category 1 04:39 Category 2 05:17 The Single Most Important Thing to Know About Groceries 06:44 Why a Grocery List Alone Won't Work 12:20 Category 3 15:41 How to Pre-Plan for Emergency Room Visits 16:53 Category 4 22:34 Category 5 FREE Retirement Ready Checklist: https://HolySchmidt.com/Checklist/ Holy Schmidt Book Club: https://holyschmidt.com/book-club/ Important Links: Follow Me on Instagram:   / the_schmidtlist   Geoff's Facebook Page   / geoffreymschmidt   Federal Reserve Board Survey of Consumer Finances: https://www.federalreserve.gov/econre... Social Security Administration Application for Benefits https://secure.ssa.gov/iClaim/rib Current Social Security Cost of Living Adjustment https://www.ssa.gov/cola/ Social Security Payment Estimator https://www.ssa.gov/benefits/retireme... THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it?    • Should You Take Social Security at Ag...   7 GOOD REASONS to File for Social Security Benefits at Age 62    • 7 GOOD REASONS to File for Social Sec...   Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!?    • Average Retirement Savings by Age 60....   The BEST AGE to File for Social Security Retirement Benefits    • The BEST AGE to File for Social Secur...   3 Social Security "Little Known Facts" That Are REALLY Important    • 3 Social Security "Little Known Facts...   Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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