The 8 Biggest Money Mistakes Retirees Make With Their Social Security Benefits

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You could be leaving thousands of dollars on the table — without even realizing it.

Most people have heard of the usual senior discounts at restaurants or pharmacies, but there are far more impactful programs out there that don’t get nearly enough attention. We’re talking about real ways to reduce your monthly bills, trim down insurance premiums, and unlock surprising financial advantages.

We’ve rounded up some of the most valuable savings opportunities for 2025. Whether you’re looking to stretch your retirement income or just ease the pressure on your wallet, these options are worth a look. Just don’t wait too long — many of these offers could change or disappear without notice.

1. Seniors Can Save $1,025 On Car Insurance

You might not even realize it, but your car insurance company is probably overcharging you. In fact, they’re kind of counting on you not noticing. Luckily, this problem is easy to fix. 

Don’t waste your time browsing insurance sites for a better deal. A company called Insurify shows you all your options at once — people who do this save up to $1,025 per year.

If you tell them a bit about yourself and your vehicle, they’ll send you personalized quotes so you can compare them and find the best one for you.

No phone calls. No spam. Just happy customers

Tired of overpaying for car insurance? It takes just two minutes to compare your options with Insurify and see how much you could save on car insurance

2. Exclusive Senior Discounts at Big Retailers (That Most People Don’t Know About)

Did you know that many major stores offer special discounts for seniors—but you often have to ask for them at checkout? These perks aren’t always advertised, so a simple question could help you save more on things you’re already buying:

TJ Maxx / Marshalls – Some locations offer 10% off (ask in-store)

Kohl’s – 15% off every Wednesday (60+)

Walgreens – Monthly “Senior Savings Day” (AARP or 55+)

Goodwill – Up to 20% off on select days (varies by location)

Ross Dress for Less – 10% off every Tuesday (55+)

3. See If You’re Eligible To Get a Big Chunk Of Your Credit Card Debt Forgiven

Trying to stay on top of your debt can be overwhelming. Wouldn’t it be nice if someone could just… get you out of debt? This new Seniors Debt Relief Program does just that.

A company called National Debt Relief could convince your lenders to simply get rid of a big chunk of what you owe. No bankruptcy, no loans — you don’t even need to have good credit.

If you are struggling with $15,000 or more in credit card debt, National Debt Relief’s experts will build you a monthly payment plan. As your payments add up, they negotiate with your creditors to reduce the amount you owe. You then pay off the rest in a lump sum.

On average, you could become debt-free within 12 to 48 months. No fees.

National Debt Relief has already helped more than 500,000 people pay off over $5 billion in debt. 

Take a minute and sign up to see how much debt you could get rid of – then simply hang tight as you will be receiving a call from one of their experts to solve your debt issue once and for all.

4. Seniors Are Ditching Their Home Insurance

You might not even realize it, but your home insurance company is probably overcharging you. In fact, they’re kind of counting on you not noticing.

Luckily, this problem is easy to fix.

Don’t waste your time browsing insurance sites for a better deal. This new website shows you all the senior deals at once – you can save thousands by simply switching your home insurance provider.

You’ll likely save yourself a bunch of money.

Here is a link to Financebuzz.com

5. Seniors Can Use Their Home Equity With This New Program

If you’re looking to cover a large expense like paying off credit card debt or funding a home improvement project, using your home equity might be a smart move.

However, with interest rates higher than they used to be, a cash-out refinance or traditional home equity loan might not make the most financial sense.

That’s where a home equity line of credit (HELOC) comes in. It works more like a credit card — giving you access to funds when you need them and letting you pay back only what you use, typically with lower payments during the initial draw period.

With LendingTree’s easy-to-use HELOC matching tool, you can answer a few quick questions and get matched with a personalized offer — all in one place. It’s a fast, simple way to see what options are available to you.

Check out LendingTree’s HELOC Matching Tool

Terms and conditions apply, NMLS #1136

6. Don’t Overpay for Internet or Phone—Special Senior Plans Exist

Many seniors still pay full price for their internet and phone bills without realizing that providers offer age-based discounts and benefit-based plans. These special offers can cut your monthly bill significantly:

• AT&T – Senior Nation plan (basic 200 minutes for 65+ customers)
• Verizon – 55+ Unlimited Plan (in select states)
• Comcast/Xfinity – Internet Essentials for seniors on benefits
• Consumer Cellular – Discounted plans for AARP members
• T-Mobile – 55+ Unlimited plans with extra perks

7. Stop Paying For Auto Repair

Car repairs are skyrocketing – and without coverage, a single fix could drain your savings.

Endurance has already paid out over $350 million to help drivers avoid financial disaster, covering cars up to 20 years old.

Senior customers can now save even more — get $300 off your first contract when you lock in protection today.

Don’t wait until you’re stuck on the side of the road.

Get your free quote from an Endurance expert today

8. Overpaying For Bathroom Renovation? Seniors in These ZIP Codes Qualify for Major Savings

A walk-in shower can help Seniors stay in their homes longer by making bathing safer and easier. With features like low-step entry, non-slip surfaces, and hydrotherapy jets, it’s more than just a shower — it’s a way to stay independent and avoid accidents.

What many seniors don’t know is that walk-in showers may qualify for financial assistance or tax breaks, but these benefits are often overlooked. This upgrade isn’t just about comfort — it can save you money while keeping you safe.

It is also a much more cost – effective solution than a walk in tub.

See if you qualify for savings on walk-in showers today

9. Save on Prescription Glasses with These Senior Programs

Eyewear can get expensive, but if you’re 50+ or an AARP/AAA member, you could be saving without even knowing it:

• LensCrafters – AARP members get exclusive discounts
• Pearle Vision – Senior pricing on eye exams and glasses
• America’s Best – Frequent BOGO deals and low-cost plans
• Eyemart Express – Senior and AARP member pricing in many locations

Advertiser Disclosure

Companies mentioned in this article have not been reviewed, approved or endorsed by included advertisers. Opinions are ours alone.

 

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*Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.” 

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