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4 Retirement Tips for Frugal Folks

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  1. Shed some wheels. If you're a two-person home, do you really need eight wheels? Try living without one of your cars. Renting a car when you have an occasional vehicle conflict is less costly than paying double for insurance, maintenance and gasoline.

  2. Comparison shop. Pharmacies often charge different prices for the same medicine. See which offers the best price. If you're taking a long-term drug, consider mail-order pharmacies, which often charge lower prices—and save you gas money on trips to the drugstore.

  3. Split the cost of movie night. Go in with a neighbor or friend on the cost of a mail-order movie club. One of you views the DVD first and then passes it on to the other. Now you have change to spend on hot, buttered popcorn.

  4. Make cash-free gifts to charity. A gift in your will or living trust of a percentage of your estate helps us continue our mission well into the future. Or you could name us as the beneficiary of your retirement plan assets. When given to a tax-exempt charitable organization such as Tallahassee Memorial HealthCare Foundation, Inc., we can receive your gift free of income and estate taxes. Contact Paula S. Fortunas at 850-431-5752 or paula.fortunas@tmh.org to learn more.
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A gift of your retirement plan assets is one of the most tax-savvy ways to make a difference. Learn more in our free guide.



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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.