Retirement is a wonderful time that many of us look forward to. It’s our long-awaited chance to relax, travel, and indulge in everyday activities and hobbies without worrying about work. However, it can also be quite expensive because the budget we set from the start doesn’t magically grow overnight.
If anything, it empties, which is oftentimes, well, very concerning. One huge mistake many of us could make is underestimating our expenses. While some costs can decrease, others will increase, which might drain our savings even faster. Here’s a list of things that you should watch out for if you want your budget to be properly planned:
3 Responses
The worst cost is the ridiculous property taxes that the blue states have! NJ is the worst. That is a total waste of $$$!
Do not move to Palm Beach County in South Florida…..everything is more expensive insurance, both car and homeowners; higher rates than NJ!! HOA monthly fees are through the roof, entertainment, parking, food ..they are trying to gentrify the county for only the rich…; something Miami, Ft. Lauderdale and the like have been doing for years!!! Unless you have lots of $$$$…it’s not your “grandparent’s retirement ….and be most wary of your healthcare!!!
I will sell my house in a split second. Worst decision I ever made was buying a house. Even though I have a low interest rate, I am sick and tired of being nickel and dimed to death with fees by my mortgage company.