Bob Ingram of the Center for Financial Planning: 5 Things Retirees Say They Wish They Were Told Before They Began Retirement
Get a realistic picture of your spending. In planning for their spending needs and wants, retirees usually have done a pretty good job accounting for their regular household bills like utilities, groceries, and gas for the car. There are other costs, however, that can be easily overlooked because they may not show up each month. You might take an extra vacation or have more visits to the kids and grandkids (especially in the early “go go” years of retirement). Owning a home, even without a mortgage, still requires ongoing maintenance and it’s possible you may still have a remodeling project or two while retired. And if you expect to drive well into your into retirement years, you may need to replace a car a few more times. These are just a few examples of additional…
