Reported about 15 hours ago
According to Charles Schwab, retirees often face unexpected expenses that can significantly impact their finances. Key surprises include hidden housing repairs, uncovered healthcare costs, long-term care expenses, financial aid to adult children, and the loss of a spouse. To prepare, retirees should consider setting aside funds for maintenance, budgeting for healthcare, exploring long-term care insurance, and having a clear financial plan for unexpected financial support or loss. Working with a financial advisor can help create a solid retirement strategy.
Source: YAHOO