Navigating Retirement: The 3 biggest retirement expenses & how to control them

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In retirement, your expenses don't just go down — they often go up.
If you don't understand how much your specific expenses will rise, it's easy to wind up spending more money than you have.
Since retirees will have fewer income sources and depend more on their assets, planning is essential.
A written plan for retirement income is crucial as it can help you understand your baseline operating costs and the additional expenses you will encounter in retirement.
This written plan should give you a reliable strategy for financial security.
You'll need to make sure that your financial plan accounts for all possible retirement risks, and — more importantly — you have the strategies in place to manage those risks.
• Have you identified and planned for the three most significant retirement expenses?
• What are your financial strategies for controlling your retirement expenses?
In my latest video episode of "Navigating Retirement," I discuss what steps you can take to control these 3 Biggest Retirement Expenses.
https://www.youtube.com/watch?v=i90Xhjqhf_8
Retirement planning isn't easy. Some expenses are certain; others are potential and very costly.
There are several ways you can offset retirement expenses and even increase your income throughout retirement.
As always, I am simply a phone call away, 843-735-5065, should you need to discuss your retirement planning needs. We can have this meeting at our office, over the phone, or online, whichever works best for you.
Rick Durkee
President & Founder
Coastal Financial Planning Group
Phone: (843) 735-5065
www.cfpgroup.biz
PS: This video and all my retirement planning videos are available to share with anyone who may find them helpful.

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Please visit our Youtube channel by clicking the link on this page to see our latest Navigating Retirement podcast show:
https://www.youtube.com/watch?v=i90Xhjqhf_8

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