Articles Tagged ‘retirement costs’
What Costs Might You Run into Once You Have Actually Retired?
Tuesday, September 4th, 2012
When many individuals are preparing their retirement plans, they usually assume that their overall cost of living will go down once they retire. It’s true that many categories of expenses are likely to decrease or even disappear in retirement, since your children will have moved out, you may have paid your mortgage, and you no longer have to commute each day or incur any work-related expenses.
But other types of expenses may first appear upon retirement, or perhaps increase from their pre-retirement levels. Even if you aren’t able to accurately forecast whether you might face these expenses, the possibility...