Expenses are often much different in retirement than they are during working years, but they are still incredibly important to the overall plan. Often, clients will spend more in the early years of retirement, see expenses dip in the middle, then rise as they near the end of their lives and medical expenses climb.
Also, NOT all Expense Categories grow at the Same Rate of Inflation, and this needs to be considered when forecasting long-term expenses.
No comments:
Post a Comment