For most of us, retirement is a nebulous concept. Retirement might be 20, 30, or even 40 years down the road. Our human minds have a hard time looking ahead so far, and truly grasping the implications. Even harder for us to imagine is the fact that we may need to ensure that our money lasts an additional 30 to 40 years into the future. It’s not enough to get to retirement; you have to get through the rest of your life as well.
However, for many of us, retirement will arrive with extra costs. It may not be enough to assume that socking away $300 a month is enough to get you through retirement. Here are some of the costs that may derail you during retirement:
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