Discover retirement savings deals to grow your personal savings account
Savings when retired can often come from senior citizen discounts. However, you don't have to be 65 and retired to start benefiting from retirement discounts. You can sign-up for an AARP membership and start benefiting from deals at the age of 50! Saving on some of your favorite goods and services as well as essentials can help you set aside more funds for the future. So, retired or not, the earlier you start taking advantage of retirement discounts, the faster you build your retirement savings and prepare for future expenses.
Turn your golden years platinum with AARP retirement savings
Whether you're 50, 65 or 70, don't be shy about finding out what benefits and discounts are available to you right now. When you turn 50, embrace your age and all that comes with it by signing up for an AARP card. AARP offers hundreds of discounts and savings on travel, entertainment, food and shopping, as well as health care, hospitality and insurance, so you can live life to the fullest while saving when retired. Learn more about AARP retirement discounts and membership benefits on their website.
Set aside retirement savings from food and entertainment for future expenses
Just because you're getting older, doesn't mean the party is over. With hundreds of discounts on food and entertainment available to seniors and retirees, you can keep the party going well into retirement while continuing to save for the future.
When you hit 55, AARP offers free ticket deals through LiveNation so you can go see Bob Dylan, Blue Man Group, Broadway productions and more at a discounted rate. Purchase three tickets and get the fourth one free. You can also save on eating out with retirement discounts of 10-20 percent from select popular chain restaurants. More restaurants will offer deals as you grow older and you'll also be able to start saving at grocery stores, retail shops and hotels. Take the savings you've accumulated and deposit them in a personal savings account from Citizens Bank to grow them even more.
Save on travel costs and see more of the world for less
Saving while retired shouldn't stop you from taking that vacation to Italy or the Grand Canyon. Travel discounts make it easier to afford fun trips and you can use money set aside in your personal savings account to fund your vacations. If you're an AARP member, you can also get up to 25 percent off car rentals from participating companies, hotel discounts up to 20 percent at trusted chains and reduced air, bus or train fares. Plus, when you turn 62, you'll be eligible for a lifetime pass to over 2,000 U.S. state and federal parks and recreational areas with the America the Beautiful Pass for only $10.
Stay in touch with family and friends with discounted cell phone plans
These days, cells phones are both essential and expensive. According to J.D. Power and Associates, the average monthly cell phone bill was $71 per person in 2012. But if you're 65 or over, you can cut your bill in half by signing up for senior discount plans like Verizon's Nationwide 65 Plus Plan and AT&T's Senior Nation 200. Both plans offer 200 anytime minutes for $30 a month. Plus, you may choose to eliminate your home phone and save even more!
Open a retirement savings account from Citizens Bank
Once you turn 65 and are officially a senior citizen, you'll be able to receive more great deals even without AARP. However, sometimes there will be available rates lower than the senior discount, so do your research to make sure you're getting the best deal. Set aside whatever retirement savings you earn by using discounts in a personal savings account from Citizens Bank. High-interest savings accounts like a money market are the perfect vehicle to grow funds for the future. Open an account today and talk to our Retirement Services team for more information on savings account options to plan for the future.