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Stock impact report

4 Signs You're Underestimating the Cost of Living in Retirement [Yahoo! Finance]

Corebridge Financial Inc. (CRBG) 
Company Research Source: Yahoo! Finance
Find Out: Downsizing for Retirement? Avoid These 6 Mistakes Learn More: One Smart Way To Grow Your Retirement Savings in 2024 While you can use rules of thumb, like trying to live off 4% of your retirement portfolio , that doesn't necessarily mean you're prepared for the full scope of expenses you'll face in retirement. Some of these costs are hard to pinpoint, but it can help to build some cushion into your retirement plan so you can make the cost of living in retirement more manageable. But you might be making some missteps now that could be an indicator of underestimating retirement costs Specifically, watch out for these four signs. Sponsored: Credit card debt keeping you up at night? Find out if you can reduce your debt with these 3 steps You're Relying Only on Medicare If your only plan to pay for healthcare in retirement is to rely on Medicare, that could be a sign you're underestimating retirement living expenses, said Cliff Ambrose, founder and wealth manager a Show less Read more
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