QUESTION:

Types of financial i would need at retirement age

What type of financial needs would i need at retirement age
asked by anthonyb7, 7/9/2010
Categories: Retirement Investing, Retirement Calculators, Budgeting, Retirement Income, Transitioning to Retirement, Financial Planning for Retirement
ANSWERS:
Answered by: Jason B, 07/12/10
Overall Rating: Be the first to rate it.

Hello Anthony,

There are any number of financial needs that will arise when you reach retirement age. Medical costs tend to increase dramatically in retirement, as most people consume the vast majority of their lifetime medical needs during the later portion of their lives. Other costs can include mortgages or other debt, costs associated with travel or retirement leisure activities, and basic costs of living.

You can find more information about ways to minimize costs in retirement here: https://www.newretirement.com/Services/Reducing_Expenses_to_Insure_Retirement_Security.aspx

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