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Humble 10% Win: The First Financial Benefit of Retirement

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AUTHOR: Mark Crothers on 8/24/2025

I’ve just encountered the first positive financial benefit of officially being retired from the workforce. My car insurance renewal notice appeared in my inbox, and being the person I am, I contacted the insurance company to inform them of my change in circumstances from employed to retired.

What’s particularly noteworthy for those of us just starting retirement is to remember to contact your insurer. Many people might just pay the renewal notice without thinking about updating their information. A simple phone call led to a 10% saving. This shows the importance of staying on top of your finances and actively communicating with service providers about any life changes.

A 10% saving is a nice little win for a phone call, and as the saying goes, every little bit helps. Now I have a bigger problem, what am I going to spend that $40 on???

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Winston Smith
2 months ago

You might wish to check your mobile phone provider too.

Jerry Pinkard
2 months ago

I think our greatest return is on our health: exercise, diet, relationships and other things to give us better health long term.

BTW, I had to go thru about 10 pictures to make sure I was not a bot. This needs to be fixed. It is beyond irritating.

Mike A
2 months ago

Guinness

Dan Smith
2 months ago

A little effort is all it takes. A stop at the service counter at my gym to sign up for a discount through my Medicare supplemental insurance saved us $40 per month. A form submitted to my county got me an “owner occupied” property tax credit for $120 per year. Another form secured a homestead credit for $600 per year. 
My old bank paid me 4 cents a month interest, my new bank pays me about $30. 
Sometimes it’s not even about money. There’s an awesome setting on my phone that silences unknown callers and sends them straight to voicemail. All I had to do was go into my settings and turn it on. Simple.

Mike Gaynes
2 months ago
Reply to  Dan Smith

What’s that setting, Dan? Thanks in advance.

Dan Smith
2 months ago
Reply to  Mark Crothers

Apple 15. Go to Settings, Apps, Phone, Silence Unknown Callers.
Then make sure you have every person and entity that is important to you entered into your contact list.

Dan Smith
2 months ago

Mark, me thinks that you should put the $40 towards something pretty for Suzie🙃

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