3 Retirement Expenses of Yours That Might Increase Rather Than Decrease
Don't assume all of your bills will magically shrink.
Overview
You'll often hear that in retirement, you shouldn't need as much income as you did while you were working. And a big reason is that you're eliminating one big expense: retirement savings.
When you're working, a good 15% to 20% of your income should ideally go into an IRA or 401(k) plan. But you don't need to save for retirement once you're in retirement, which means a smaller paycheck could be enough.
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Details
Source
Originally published at www.fool.com.
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