Experts all have their ideas of how much money you should be saving (or have already saved) and how to handle it to get the most out of it, but one thing that isn't usually covered completely is how to control your expenses after retirement.
There is one thing that can make a world of difference in whether you retire comfortably or not, no matter how much you have in a retirement fund and that's debt.
If you go into retirement with credit card debt, owing on your car and carrying a mortgage, you will need a lot more than if you own your home outright, have your car paid off and refuse to carry a balance on a credit card.
It's that simple. Don't think that other expenses will stop because you're retired. You will still have to replace the refrigerator and buy new tires and shop for clothes. It will be much harder to do those things if you're making debt payments.
Clear the deck. Pay off everything before you retire and start with a clean slate. If you're years from retirement, start now. Make living debt free a habit and it will serve you well.
Rolling with retirement punches
Our Failing Retirement System
"Retirement" on Dollar Stretcher
"Debt" on Dollar Stretcher