My retirement calculations suggest I need $7 million to retire - am I overlooking any large looming expenses?

Retirement planning involves anticipating both predictable and unexpected expenses. While many people account for basic costs, significant expenses like home repairs and medical care can arise without warning. A couple with $7 million in assets illustrates that even substantial savings may not cover all eventualities. Consulting with a qualified financial advisor can help navigate these uncertainties, ensuring a more secure retirement plan that encompasses both expected and unforeseen costs, allowing retirees to enjoy their retirement without financial anxiety.

"Retirement expenses can be unpredictable, including home repairs and healthcare costs. Planning for these unknowns is crucial for a secure retirement."

"A couple projected to have $7 million in savings still questioned whether they could manage potential unexpected expenses in retirement."

Read at 24/7 Wall St.