#discretionary-expenses

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from24/7 Wall St.
2 weeks ago

Retirement Spending Is Not Flat. How Real World Expenses Change After Age 70

The 4% rule and most retirement calculators often just assume you are going to spend the same inflation-adjusted amount of money for the next 30 years. On the one hand, this is a simple and clean idea for managing finances, but it's also completely wrong. Real retirement spending rarely works like it's supposed to, and if you are planning on it being static, you're likely setting yourself up for a big surprise.
Healthcare
Retirement
from24/7 Wall St.
3 weeks ago

Suze Orman: Stop Doing This One Thing or Your Social Security Check Won't Last

Discretionary daily spending—especially dining out and coffee—can consume over a quarter of average Social Security benefits, jeopardizing retirement financial security.
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