Certified Financial Planner Kimberly Foss is chatting with Paul and Bethany about retirement and all of the twists and turns involved.
Living Expenses in Retirement
Managing retirement income successfully starts with making sure your expectations for retirement are
realistic. Its estimate you'll need between 70 and 85 percent of your pre-retirement income to
maintain your standard of living after you stop working. It best to track what you actually spend now.
And adjust for annual increased cost that will go up over time - likely candidates include healthcare, food, property taxes and travel.