32% of Older Americans Wish They'd Better Planned for This Retirement Expense
There are certain expenses that are pretty much unavoidable during retirement. You'll need a roof over your head, a means of transportation, food, and access to utilities. You'll also need to absorb the oft-astronomical cost of healthcare.
But while all of these expenses may be obvious, here's one that tends to catch seniors off-guard: taxes. In fact, in a Nationwide Retirement Institute survey of U.S. adults over 50 who are either currently retired or are aiming to leave the workforce within 10 years, 35% did not factor taxes into their retirement planning.
The result? A good 32% regret not better accounting for them, and 38% of future retirees are actually terrified of what taxes will do to their retirement income.
Source Fool.com
