3 Costs That Might Stretch Your Retirement Income Thin -- and How to Prepare
Preparing for these expenses could help you retire with more confidence.
Overview
Before you retire, there are a few key financial moves you should make. You should review your IRA or 401(k) balance and figure out how much annual income your savings will provide. You should also decide when you'll claim Social Security so you'll know how much monthly income your benefits will give you.
On top of that, it's important to build a realistic retirement budget. But to do that, you need to account for some key costs that may end up being more than you've bargained for. Here are three to prepare for specifically.
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Details
Source
Originally published at www.fool.com.
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