Tag Archives expenses

5 Expenses That Will Change in Retirement

You have a rough idea of how much your electric bill will be next month. You don’t know, however, how much your electric bill will be in 30 years (feel free to sub in your own expected retirement date). That’s due to a combination of factors, many outside your control: things like inflation, advances in technology ...

5 Signs You’re Not Ready to Retire

Many people dream of retirement in all of its laid-back, schedule-free glory. But before you write your permanent resignation notice, you need to think long and hard about the consequences of leaving the workforce for good, because making your exit too early could leave you strapped for cash years down the road. Here are five signs ...

7 Ways Your Expenses Will Change in Retirement

Most retirees spend less than they did while working. A new Government Accountability Office analysis of 2013 Bureau of Labor Statistics data found that people in the pre-retirement phase of life between ages 50 and 64 spend an average of $54,400 per year, but annual expenditures drop by $12,500 among retirees ages 65 to 79 ...