retirement alone expenses
February 8, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Are you entering retirement? We’ve said determine what you will have, income and resources first.
V Second, What about your costs in retirement? Using what you know of your housing costs, health care, food, vehicle, all expenditures, determine how much you’ll need in retirement.
With knowing projected income and expenses, you can get a projection of how much money you will need monthly or yearly in retirement. You can find general information with online calculators and with a financial planner. General information is better than none. Then get specific.
M Proverbs repeatedly says plan ahead. Changes may be necessary. But thats better than unwanted surprises.