This video is for anyone who wants to dramatically reduce their expenses in retirement. It discusses 25 proven tips to help someone live on a small income in retirement. The video starts by discussing the definition of "tiny income" (living at the poverty line) and talks about what retirees can do to make the most of their limited income.

CNBC Article Discussed in Video:
https://www.cnbc.com/2023/08/09/1in...

FREE Retirement Ready Checklist:
https://HolySchmidt.com/Checklist/

Important Links:

Follow Me on Instagram:
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Geoff's Facebook Page
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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...


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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.