I’m a Financial Advisor: 4 Financial Resolutions That Actually Work for Retirees

Core Insights - Younger adults are more inclined to make New Year's resolutions, but retirees should also engage in financial planning to enhance their retirement lifestyle [1] Group 1: Financial Resolutions for Retirees - Budgeting realistically is essential; savings should be prioritized as a line item in the budget rather than an afterthought [2] - Personal preferences and values should be considered in budgeting, allowing for spending on items that bring happiness [3] - Cutting out one vice can free up finances without the need for strict budgeting; small habitual expenses can accumulate and impact overall financial health [4][5]