Take a safe driving course
While studies have reviewed the safety of driving while aging, there are discounts to be had for taking a defensive driving course as an older adult. AAA’s Roadwise is one such program. AARP also offers one and it may be discounted. Both programs are offered online and provide tips on how to adjust to age-related physical changes.
Nix unneeded insurance
Some forms of insurance are required, such as car insurance and homeowners/renter’s insurance. But others may be worth cutting loose.
If you don’t have any dependents or debt, your life insurance policy could be worth letting go of. If you’ve stopped working for income, you may consider halting disability insurance, too. Next Avenue reported it may be a complicated process, however, so consider the decision with a financial adviser.
Freeze property taxes
Georgia offers several options for people age 62 and older or 65 and older to take advantage of homestead exemptions.
If their income and their spouse’s income isn’t over $10,000 for the previous year, people who are 65 and older may claim a $4,000 exemption from all county ad valorem taxes. People age 62 and older can claim another exception for educational purposes.