Retirement Alone - Expenses

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Are you entering retirement?  We’ve said determine what you have, income and resources first. 

V Second, what about your costs in retirement?  Using what you know of your housing costs, health care, food, vehicle, all expenditures, determine how much you’ll need in retirement. 

With knowing projected income and expenses, you can get a projection of how much money you will need monthly or yearly in retirement.  You can find general information with online calculators and with a financial planner.  General information is better than none; and then get specific.

M Proverbs repeatedly says plan ahead.  Changes may be necessary, but that’s better than unwanted surprises.