Senior discounts abound, just know where to look

Of all the perks of senior living, one of the most commonly-cited is the availability of discounts. Everyone likes lowering the retirement cost of living, but sometimes it can be difficult for older adults to find and be aware of what discounts they are qualified for. According to U.S. News and World Report, there are a number of steps seniors can take to help them save money on everything from groceries to hotel rooms.

Perhaps most importantly, seniors should take the time to research any nationwide deals, because there are many. A large number of national chains offer substantial discounts to older adults, including restaurants like IHOP, which has an entire menu dedicated to the over-55 crowd. Traveling seniors can benefit as well, with Amtrak offering adults over 62 a 15 percent discount on many train tickets, the publication notes.

Still, while some companies may have senior discounts well-publicized, others may not be quite as apparent, and it's dependent on older adults to ask. Many companies may be willing to give seniors a slight discount, and inquiring couldn't hurt.

"Things you may not expect to be discounted might be," Krystyna Colburn, 66, told U.S. News. "I am not ashamed to ask. You have to ask for it to get it."

Joining AARP can also entitle seniors to some discounts that others may not receive. Though it costs a small yearly fee, given the amount of savings one could enjoy from the membership, it is certainly worth it.

Older adults should also be wary of some senior deals that may not be all they're cracked up to be. Specifically, some checking accounts designed with seniors in mind may actually be a worse deal than traditional accounts. A recent study from the Pew Research Center found many of them charge fees if seniors maintain a certain balance.