Unexpected expenses in retirement can pose a significant financial challenge for retirees. These unforeseen costs, whether they stem from medical bills, home repairs, or other emergencies, can disrupt carefully planned budgets and erode savings. Being prepared for unexpected expenses is crucial to ensure financial security and peace of mind. Listen today to find out what expenses you should be prepared to tackle in retirement.
(01:23): Unexpected healthcare costs
(05:41): Sudden change in taxes
(06:16): What’s the average cost of home maintenance
(06:56): What are lumpy expenses?
(07:25): Travel plans?
(10:10): Everything costs money
(10:45): Speculative risks