Half of Retirees Say They Wish They'd Budgeted More for This
You're about as likely to guess how much money you'll need for retirement as you are to predict exactly how long you'll live, yet in order to live comfortably in your senior years, you have to come up with estimates for both. You can generate an idea using the housing, food, insurance, and travel costs in your current budget, but what about things like medical emergencies, home repairs, and car breakdowns?
You need to budget something for these expenses as well, but people often underestimate how much they'll need. Approximately 56% of retirees said they wish they'd budgeted more for unplanned expenses, according to an Edward Jones survey. So how do you know how much you actually need? Let's take a look.
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Source Fool.com
