3 Reasons Retirement Might Cost More Than Expected
There's a reason so many retirees inevitably wind up returning to work in some shape or form: Retirement has a sneaky way of being more expensive than planned. You can do your best to estimate your costs ahead of time, but ultimately, certain expenses might creep up on you.
Here are a few reasons you could be looking at a higher-cost retirement than anticipated.
As people age, health issues tend to arise. Between that and the many costs seniors tend to incur as Medicare enrollees, healthcare can become such a big retirement expense that it trumps housing as the largest one seniors face on a monthly basis.
Source Fool.com
