To Afford Retirement, Take Inspiration from ‘The Golden Girls’

Roommates, a part-time job and renting out your vacation home could be ways to save early in retirement to cover more expensive years later on.

Older women laugh as they sit around a table with desserts.
(Image credit: Getty Images)

Remember The Golden Girls, the TV show about four feisty ladies who came together as Florida roommates after they had experienced divorce and widowhood? Back in the day, I couldn't get enough of Blanche's romantic adventures, Dorothy's no-nonsense manner, Sophia's saucy comebacks and Rose's Minnesota naiveté. Now, I realize that the ’80s sitcom wasn't just a cultural commentary about aging and friendship, but also a blueprint for how to live an affordable retirement.

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Erin Wood, CFP®, CRPC®, FBSⓇ
Senior Vice President, Financial Planning, Carson Group

Erin Wood is the Senior Vice President of Financial Planning at Carson Group, where she develops strategies to help families achieve their financial goals. She holds Certified Financial Planner, Chartered Retirement Planning Counselor and Certified Financial Behavior Specialist designations.