Summerlin Benefits Consulting Q&AAnswers
Oct 24, 2024 - 04:07 PM
The biggest expense for most retirees is typically housing, which includes mortgage payments, property taxes, maintenance, and utilities. Even if the mortgage is paid off, ongoing costs like property upkeep can add up. Health care is another major expense, especially as retirees age and face higher medical and long-term care costs. While lifestyle expenses like travel may be high initially, they often decrease over time as health needs grow. Planning for these expenses can help ensure a more comfortable retirement.
Oct 24, 2024 - 04:14 PM
The biggest expense in retirement often comes down to healthcare and housing costs, and managing these effectively is crucial for long-term financial stability. Consulting with a financial advisor can be incredibly helpful in planning for these expenses. They can guide you in creating a budget that accounts for rising healthcare costs, maintaining your home, and other living expenses, helping ensure your savings last throughout retirement. A personalized plan from a professional can provide peace of mind and help you make the most of your retirement funds.
