Reported about 7 hours ago
As retirement nears, it's crucial to recognize potential hidden costs that could impact your savings. Key areas to consider include unexpected home repairs, medical bills not covered by Medicare, and taxes on pension and Social Security income that might push you into higher tax brackets. Additionally, prolonged longevity, financial support for adult children, and dental care expenses can further strain your budget. By planning for these often-overlooked costs and seeking advice from tax and financial professionals, you can create a more secure financial future for your retirement years.
Source: YAHOO