Prioritize essential expenses like housing, healthcare, and utilities to ensure a secure foundation.
Consider downsizing your living arrangements or exploring affordable housing options.
Create a realistic budget that aligns with your fixed income from Social Security.
Explore supplemental income sources, such as part-time work or freelance opportunities.
Diversify your investments cautiously to balance potential returns with risk management.
Take advantage of senior discounts and government assistance programs to reduce costs.
Regularly review and adjust your budget to accommodate changing needs and expenses.
Consult a financial advisor for personalized guidance on optimizing your retirement funds.