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Is transportation a hidden cost in retirement?
We all assume the cost of healthcare in our retirement will be our largest expenditure, but, according to a recent report from the Bureau of Labor Statistics, healthcare costs are the third largest expenditure for consumers 65-years old and older. So, what are the first and second-largest expenditures in retirement? I’ll give you a hint on the second-largest – you see it every time you fill your gas tank in your car. Joseph Coughlin states: “transportation must now come out from the shadows of retirement planning and be factored into the budgets and the lifestyle choices of later life.” Read Mr. Coughlin’s article here…
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