Comment on The Retirement Income Boost 85% of Seniors Are Missing Out On

The Retirement Income Boost 85% of Seniors Are Missing Out On

It's natural to assume that your living expenses will go down in retirement. After all, you'll no longer have to bear the expense of commuting to work, and there's a good chance that by that point, you'll have paid off your mortgage. But surprisingly enough, close to 50% of seniors end up spending more money, not less, during their first two years of retirement than they did while working full time, and for 33% of retirees, this trend continues for a total of six years.It therefore never hurts to have an additional means of generating income during retirement in case your savings and Social Security benefits don't wind up cutting it.

 

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