Knowing where to look for senior discounts pays off

There are many ways that seniors try to reduce the retirement costs of living. Spending less and downsizing one's home are both popular options, but older adults don't necessarily have to sacrifice their lifestyle when it comes to senior financial planning. There are plenty of discounts out there, they just need to know where to look, notes The Huffington Post.

Many businesses offer deals to customers 50 and over, but older adults are often too afraid to ask. There's no harm in broaching the subject, even if a company doesn't have any offers for seniors. It's important to note that while some stores have discounts for adults over 50, others aren't available until a customer turns 60 or even 65.

Although many customers may be more than OK with asking if a company offers a senior discount, some may want to know well ahead of time. Luckily, there are many websites dedicated to helping older consumers know where, and when, they can get money off. According to HuffPo,one of the best is SeniorDiscounts.com, which lets users search by zip code and lists hundreds of thousands of discounts.

"Most businesses won't advertise or promote their senior discount[s], so it's very difficult to locate them," David Smidt, president of SeniorDiscounts.com, told U.S. News and World Report. "Wherever you are doing business, ask whether there is a senior discount available."

In a similar vein, it's important for seniors to do their research. Many national businesses, especially transportation companies, offer discounted rates to older travelers. For instance, Amtrak offers riders 62 and older a 15 percent discount on fares.