Unexpected expenses
Let’s be honest: life is filled with unexpected events. Why would it be any different during retirement? From home repairs to emergency medical expenses, unexpected costs could rapidly drain your savings, especially if you are completely unprepared for them.
To avoid being completely caught off guard, you should make an emergency fund specifically for this type of expense. Also, consider reviewing and increasing your insurance coverage to efficiently guard against any type of unforeseen cost.
2 Responses
The worst cost is the ridiculous property taxes that the blue states have! NJ is the worst. That is a total waste of $$$!
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.