5 Retirement Expenses You're Probably Not Ready For

newsfeedback@fool.com (Wendy Connick), The Motley Fool
Sun, 06/25/2017 - 3:25am

Planning for retirement can be quite a challenge. It's an event that may not come for many years and that will last for decades (you hope), and yet you have to figure out how much this event will cost so you can save up for it now. And if you forget to account for one of the expenses below, you could end up shorting yourself on retirement income no matter how carefully you save and plan.Inflation can be a retirement-killer.

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Topics:  social security   u.s    retirement   expenses   time   save   prices   years   event   million   income   today   
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BING SEARCH:
  • Budgeting in retirement | Fidelity
    Key takeaways. Try to match your essential expenses to guaranteed sources of income. Limit withdrawals from retirement savings accounts to 4%–5% in your first year of retirement,then adjust for inflation in subsequent years. Consider consolidating accounts at a trusted provider.
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