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fromwww.housingwire.com
2 hours ago

Managing savings, homeownership during first retirement year

Advisers warn that retirees frequently spend too freely in their go-go years, when travel and leisure costs peak. The latest Consumer Expenditure Survey from the Bureau of Labor Statistics (BLS) found that average annual spending for adults ages 65 to 74 was $65,149, dropping nearly 20% by age 75. As a result, overspending early can strain savings meant to last decades, while excessive caution can lead to missing out on achievable goals.
US news
Retirement
from24/7 Wall St.
1 month ago

The 10 Most Common Spending Categories in Retirement

Retirement spending expectations concentrate on familiar categories like housing, healthcare, and lifestyle, and planning should be based on expected post-retirement expenses rather than a single target balance.
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