How to Forecast Your Expenses in Retirement - 406
Your Money, Your Wealth
00:00
Are You Spending More Than You Think?
Most people have no clue what they spend. They go into retirement completely blind. It's like, yeah, I think we'll be all right. But then don't you also have to take into account the increase in health care expenses in retirement as you get older? Yes. Especially if you retire before 65 in Medicare. You got private health insurance. I mean, that's a killer. So I think like what else is most people spend a little bit more. We're glad David is at least doing an exercise because most people have no knowledge of their spending.
Transcript
Play full episode
