King bell
VIP Contributor
When you're planning for retirement, there are a lot of things to think about. But there are three factors that are often forgotten about:
1. Healthcare costs
2. Inflation
3. Longevity
Healthcare costs have been rising steadily for years, and they're not expected to slow down anytime soon. This means that even if you have health insurance, your out-of-pocket costs could be higher than you expect.
Inflation can also eat into your savings. If you're not careful, the purchasing power of your retirement nest egg could decrease over time.
And finally, longevity is a factor that is often overlooked. People are living longer and longer, which means that your retirement could last 20 years or more. This means you need to make sure your money will last as long as you do.
All of these factors are important to consider when you're planning for retirement. Don't forget to factor them into your calculations to ensure a comfortable retirement.
1. Healthcare costs
2. Inflation
3. Longevity
Healthcare costs have been rising steadily for years, and they're not expected to slow down anytime soon. This means that even if you have health insurance, your out-of-pocket costs could be higher than you expect.
Inflation can also eat into your savings. If you're not careful, the purchasing power of your retirement nest egg could decrease over time.
And finally, longevity is a factor that is often overlooked. People are living longer and longer, which means that your retirement could last 20 years or more. This means you need to make sure your money will last as long as you do.
All of these factors are important to consider when you're planning for retirement. Don't forget to factor them into your calculations to ensure a comfortable retirement.
