We know of some (people that come around and tell of their retirement plans gone awry) who have retired in mid fifties.
When they tell of how they have ended up paying so much for health insurance - up to $1,000.00 per month plus the decuctibles/oop's - and will need to do so until medicare kicks in - many would be reitrees plan on working as long as possible.
These early retirees planned what they thought was plenty for living expenses but the cuts in benefits after they retired has hit some of them hard and they are now are looking for work in this economy.
Healthcare costs and potential healthcare costs need to be figured in a reitree's budget.
Housing expenses are a little more predictable and were what people were told to plan for years ago - now though some are ending up with ins. costs that are equal to a monthly mortgage payment. Sure they have a paid for house, but take out HELOCs for expenses, charge up expenses and get into debt as seniors.
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