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Stock impact report

4 Expenses That Can Eat Into Your Retirement Savings [The Motley Fool]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: The Motley Fool
Watch out for these budget-busters. Many people expect their overall living costs to go down in retirement, but in reality, there's a good chance yours will mostly stay the same. Some expenses, in fact, might  go up during your golden years. Here are four you need to plan for carefully. 1. Healthcare The burden of healthcare can intensify once retirement kicks in, in part because Medicare offers only limited coverage, and in part because as we age, medical issues tend to arise. The typical 65-year-old man who lives an average lifespan is expected to spend $189,687 on healthcare in retirement, while the typical 65-year-old woman will spend $214,565. This data comes from HealthView Services, a cost-projection healthcare software provider. IMAGE SOURCE: GETTY IMAGES. To prepare for the whopping expense that is healthcare during your senior years, know how Medicare works and what it will and won't cover. The premiums you pay for Part B and Part D  -- which cover Show less Read more
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