Recast your mortgageIf your retirement plan didn't include a large mortgage payment, recasting may be for you. Once your lump-sum payment is made, the lender adjusts your repayment schedule to reflect your new mortgage payment. Check with your local tax assessorThe number of people who count on Social Security benefits to pay bills comes as no surprise to anyone. That may be why some local tax assessor's offices offers tax discounts or exemptions for seniors. Don't be shy about calling your local utility companiesLike your local tax assessor, your utility providers may offer senior discounts.