Remove Insurance Coverage Remove Risk Tolerance Remove Transportation
article thumbnail

6 Financial New Year’s Resolutions for 2023

WiserAdvisor

For example, use public transport instead of cabs, cook your meals at home, unsubscribe from OTT subscriptions, etc. Pick a low-risk option that shields your money from market ups and downs. In addition, ensure you have adequate insurance coverage. Choose the right insurance products based on your age and financial needs.

article thumbnail

Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

WiserAdvisor

The BLS data also revealed that transportation is the second-largest retirement expense, accounting for $7,160 annually or 13.7% As you plan for retirement, assess your transportation needs realistically. Consider whether owning a car is essential, especially if you live in an area with good public transportation.