Motley Fool

3 Retirement Expenses That Could Catch You Off Guard

Getting an accurate idea of how much you’ll spend in retirement is crucial to setting savings goals and making sure you’re really ready to retire when the time to leave the workforce draws closer. Unfortunately, while planning for retirement, far too many people forget about three of the biggest costs they could end up facing in their later years. In fact, a recent survey conducted by Fidelity showed that while almost 4-in-10 Americans believe average healthcare spending will total $50,000 to $100,000 for a senior retired couple during their retirement, the actual number is around $295,000.