The Changing Expenses in Retirement (Part 2)

Today we continue our two-part series on the expenses you’ll have in retirement and how they might look different from your expenses when you’re working. It’s a mental shift you’ll have to make as you adjust your plan, your savings, and your spending. Getting ready can be a challenge, so it helps to have a financial advisor to coach you through.

 

When you’re no longer working, you may want to spend your time in retirement doing all the things you couldn’t do in your working years. For some, that’s travel and for others, that’s enjoying life at home. Figure out what’s most important to you in order to make sure your retirement goals align with your plan.

 

Here’s what we discuss on today’s show: 

 

• You have more control over taxes, but does that make them lower? (1:14)
• Once you retire, you no longer have to save for retirement. (6:06)
• Travel starts strong, then changes over time. (11:44)  

 

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