These Big Expenses Could Drain Your Retirement Savings if You Aren't Prepared for Them

Most retirees have a limited amount of money saved to help supplement Social Security. Unfortunately, if your nest egg isn't big enough to cover three big expenses you're likely to encounter, you could find yourself in serious financial trouble.

To make sure your money doesn't run dry while you still need it, make a plan to cover these three major costs as soon as you can.

If you factor them in when setting savings goals early in your career, you can be better prepared for them. If you're already in retirement, you also need to look into options to make sure you can cover them when they inevitably arise. 

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Source Fool.com