Many people dream about how their retirement years will play out. Some want to spend their golden years spoiling the grandkids, while others envision traveling the world.
Housing expenses, such as mortgage payments, insurance, and maintenance costs, are among the highest costs retirees face.
Transportation costs can be a significant factor in retirement expenses, especially early in retirement.
Americans’ healthcare costs — including health insurance, medical services, medical supplies, and prescription drugs — increase as they grow older.
An individual’s food costs will vary depending on their diet and habits.
People over 65 spent an average of $2,527 annually on entertainment, or $210.55 monthly, on fees and admissions to places like museums, theater performances, and movies.
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