iAfrica 1 hour ago 4 min read Share with your network! With the increased cost of living, managing your money in your retirement years can be considered a challenging exercise for many. In most cases, as a retiree, you only have the money you receive from your retirement package to stretch throughout the month which requires a shift in your money management approach. Running out of money during one’s retirement years, is a prime concern for many seniors. And although people do have reasons to be concerned with the global economic pressures and increased cost of living, with proper financial planning and sound money management tools to manage your monthly spend, one can lessen the risk of running out of money in retirement.