According to the most recent official statistics, the average monthly cost for persons 65 and over, including rent, groceries, and healthcare, is roughly $4,345. In 2016, retirement-age Americans could spend approximately a thousand dollars less, at $3,564. However, with inflation only lately beginning to decrease from a nearly 40-year peak this summer, financial experts predict that older Americans will need to reduce their spending even more in the future.
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How To Buy A Dream Retirement Home: 10 Tips For Success
No matter where you plan to retire, whether, in Costa Rica, Arizona, or Colorado, you’ll need a plan. Many retirees buy what they think is their dream home, only to discover that it doesn’t fit their new lifestyle. To make buying a home after retirement feel like a dream, follow these ten steps:
