You spend years planning for retirement looking forward to days of a simpler life with years of savings spent on travel and leisure activities. But the reality is that some of the biggest expenses retirees shell out money for often surprise them and have nothing to do with leisure activities.
AARP did some digging and, after speaking with financial advisors, created a list of the top ten expenses that have retirees cutting into their savings and investments.
- Health Care
- Home Maintenance
- Travel
- Transportation
- Utilities
- Fitness/Wellness
- Kids/Grandchildren
- Taxes
- Charitable Giving
- Professional Services
Check out the full article from AARP including a deeper dive into each of the top ten expense categories – 10 Most Underestimated Retirement Living Expenses (aarp.org).
You must be logged in to post a comment.