Knowing These 3 Things About Medicare Could Save You a Ton of Money in Retirement
Many retirees find that a good number of their expenses go down once they're no longer working. If you pay off your home before you wrap up your career, then you might spend less on housing in retirement than you did previously. And if you no longer have a job to commute to daily, then you may find that you're able to reduce your transportation costs by not having to buy as much gas or pay as many tolls.
But if there's one essential expense that tends to increase in retirement, it's healthcare. And that's due to a few different factors.
Image source: Getty Images.
Source Fool.com