Hidden retirement costs you must plan for now
Retirees face outsized medical bills and irregular expenses beyond housing and food. Experts quote the non recurrent costs of surgery or nursing care, education or legal help for descendants, major home repairs, auto and dental work, plus taxes. Build sinking funds and consult a CPA to estimate after tax income.
MENTIONED IN THIS ARTICLE
Employee Benefit Research Institute
EBRI
Washington, D.C
Dirk Cotton
Chapel Hill, N.C
Cotton
Dana Anspach
Sensible Money
Scottsdale, Ariz
Anspach
Sam Anspach
CPA
Shredding, Saving Tax Docs and Safe-Deposit Keys
Financial adviser tips to keep only essential records. Tax documents require 3 to 7 years of retention depending on case. bank statements and bills typically need 1 to 2 years or electronic copies. Important items like deeds wills and powers of attorney deserve safe storage and clear organization for emergencies.
MENTIONED IN THIS ARTICLE
Peter Schmidt
Cuna Brokerage Services
Wildfire Credit Union
Saginaw, Mich
Schmidt
IRS
John Piershale
Piershale Financial Group
Crystal Lake
Ill
Piershale
Shale
Mom
Dad
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Robert Powell
USA Today
David Blanchett
Morningstar Investment Management
Chicago
Bob
Rpowell
GETTY
IMAGI
Jeff Reeves
InvestorPlace.com