By Karen Damato
June 16, 2017

One way to rev up your retirement saving—or to make your income as a current retiree last longer—is to look for creative ways to trim expenses without dinging your lifestyle. We’ve got ideas for you! Start with Money’s guide to the best cell phone plans of 2017 to potentially cut your bill for this essential service; scroll down for a tool that gives you personalized recommendations. Next, look up what you are paying for auto insurance and take a few minutes to check rates from other carriers. Inertia costs good drivers an average of $416 on annual coverage, a new analysis shows, but the cost of not shopping around can top $1,000 or even $1,500 for some people. Also be savvy about when to scrimp vs. when to splurge on your travels. We’ve got 13 money-saving pointers from travel specialist Pauline Frommer, as well as our guide to 10 amazing Asian vacations that won’t cost a fortune.

Speaking of adventures, I’m heading off on a new journey myself. A professional one, that is. This is my last week as an editor and writer at Money. Thank you for reading this newsletter and for your feedback. You’ll be in good hands with my talented Money colleagues!

Best wishes,

Karen

P.S. If you like this weekly update, please pass it on to a friend! And if you got it from a friend, sign up here for email delivery each Friday to make sure you don’t miss the next issue.

THIS WEEK’S RETIREMENT NEWS, INSIGHTS AND ADVICE

This Is the Age When You Become ‘Old,’ According to Four Different Generations

Many boomers probably remember the line about not trusting anyone over 30. Yep, there was a time when 30 seemed downright ancient to me. Not so today, of course! Don’t miss the graphic showing the ages at which “old age” begins and “youth” ends—at least in the varying views of millennials, Gen X, boomers, and members of the silent generation. MONEY

Pre-Retirement Financial Review Is a Must

Boston College retirement blogger Kim Blanton explains why she and her husband hired a financial advisor to review their retirement readiness and what they got out of it. “Shed some light on your unique situation before you retire,” she suggests. Smart advice; just be sure you are getting a careful and objective evaluation, not a cloaked sales pitch for products you may not need. SQUARED AWAY BLOG

The Good, the Bad and the Ugly

Which products and services belong in your financial life and which should you run away from? Personal-finance writer Jonathan Clements, a columnist at The Wall Street Journal for many years, has classified more than 40 options into categories from “promising” to “dangerous.” See if you agree. HUMBLEDOLLAR BLOG

Money, Marriage and a Big Age Gap: 6 Ways to Make Sure Your Retirement Is Safe

If you and your spouse are very different in age, you can face particular challenges in planning for later life. Writer Kerri Anne Renzulli has six tips to help ensure you both enjoy a financially stable retirement. Among them: Don’t rush to retire at the same time. MONEY

Summer Music and Arts Camps for Grown-Ups

There are some great ideas here for this summer or to add to your list of ideas for the future. Memo to self: Tell husband about that ballroom dance camp! NEXT AVENUE

Roth vs. Traditional 401(k): Study Finds a Clear Winner

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Workers who fund a Roth 401(k) rather than a traditional 401(k) may end up with more purchasing power in retirement, research cited by writer Demetria Gallegos shows. There’s a good reminder here: If you max out a Roth (with dollars that have already been taxed) you are effectively contributing more than if you put the same amount in a pre-tax account. THE WALL STREET JOURNAL

13 Money-Saving Travel Hacks From the Woman Behind Frommer’s Guidebooks

Travel specialist Pauline Frommer dishes out budget travel advice, from the best website for airline tickets to smart ways to see city sights for less. MONEY

When Mom and Pop Can’t Sell the Farm (or in This Case, the Theme Park)

An octogenarian couple are finally ready to retire. But they don’t want to let go until they find a buyer to take over their life’s work, the Wild West Town theme park 60 miles from Chicago. It’s a touching tale from writer Liz Moyer about transition. THE NEW YORK TIMES

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