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What you can do to prepare for the unexpected costs in retirement
According to a recent study published by the National Bureau of Economic Research, the death of a spouse was one of the costliest events for retirees. The researchers discovered the average net worth drops by more than $30,000 over a couple of years as retirees pay for the extraordinary medical and other expenses surrounding a spouses’ death. No matter if you are single or married retirees will use anywhere from three percent to 14 percent of their wealth to pay for unpredictable expenses. So what can you do? In John F. Wasik’s article on www.forbes.com he advises on how to prepare for unexpected retirement costs. Read Mr. Waskiks article here…
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