Are you underestimating your retirement expenses?
One of the biggest mistakes I see pre-retirees make isn’t poor investing, claiming Social Security incorrectly, or even tax planning mistakes. It’s failing to accurately estimate what retirement will actually cost.
After 18 years helping people plan for and execute retirement, I’ve noticed the same retirement expenses catch people by surprise over and over again.
In this episode, I break down the 7 retirement expenses most retirees underestimate, including:
✅ Travel and the “Go-Go Years” of retirement
✅ Home repairs, renovations, and aging-in-place upgrades
✅ Retirement tax planning opportunities and tax surprises
✅ Financial support for adult children and grandchildren
✅ Hiring help for tasks you used to do yourself
✅ Vehicle replacement costs
✅ Healthcare, Medicare, and long-term care expenses
If you’re within 5-10 years of retirement, already retired, or trying to determine how much money you need to retire comfortably, this episode will help you build a more realistic retirement budget and avoid costly planning mistakes.
- Why most retirees underestimate expenses
- My own experience underestimating costs
- The expensive “Go-Go Years” of retirement
- Home repairs and renovations
- Tax surprises in retirement
- Adult children still on the payroll
- Paying others to do things you used to do yourself
- Vehicle replacement costs
- Healthcare and long-term care expenses
- Why retirement spending isn’t linear
I hope you enjoy this episode!
~ Kevin
Are you interested in working with me 1 on 1?
You can start with our Retirement Readiness Questionnaire linked on our website so we can learn more about how we can help in your journey to and through retirement.
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This is for general education purposes only and should not be considered as tax, legal, or investment advice.
