CFP® Reveals: The 5 BIGGEST Expenses in Retirement

Typically when people retire they think their expenses will increase mainly on travel and entertainment costs; however, people are spending most of their money in retirement on five things and travel is only one of them. Join Julia Lembcke, CERTIFIED FINANCIAL PLANNER™ and Managing Director of URS Advisory, as she goes over the top five expenses you can expect to encounter in retirement. 0:00 - Introduction 1:00 - Discussion on sustainable retirement budget and expenses 2:00 - Information on Medicare and healthcare costs 3:00 - Strategies to manage healthcare costs in retirement 4:00 - Health savings account benefits and strategies 5:00 - Number two biggest expense in retirement: taxes 6:00 - Discussion on tax planning and retirement accounts 7:00 - Strategies for managing taxes and investment in retirement 8:00 - Number three biggest expense in retirement: travel 9:00 - Planning for travel expenses in retirement 10:00 - Number four biggest expense: home maintenance 11:00 - Supporting children and grandchildren in retirement 12:00 - Conclusion and final thoughts If you're interested in retirement travel, or just travel in general, you must follow our dear clients, John and Bev, of The Retirement Travelers! They are the #1 retirement travel resource on YouTube! Here is my personal favorite video: https://www.youtube.com/watch?v=p5n61EAPRqE Check out my videos related to the 5 Biggest Expenses in Retirement: 1) All About Medicare 2024: https://www.youtube.com/watch?v=fbj0O0bWb1I 2) The Power of Health Savings Accounts: https://www.youtube.com/watch?v=LCslmd9uXOc&t=29s 3) Do You Have A Ticking Tax Time Bomb?: https://www.youtube.com/watch?v=T0m7AaI4UXs 4) Contribute to a Roth Without Paying More Tax: https://www.youtube.com/watch?v=nZTfV7eiORM Join our Email List: https://mailchi.mp/ursadvisory/stay-connected Schedule a 20-minute Conversation: https://www.ursadvisory.com/retirement-roadmap Opinions expressed herein are solely those of URS Advisory. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your financial adviser or qualified professional before making any financial decisions. #FinancialPlanning #WealthManagement #RetirementPlanning #InvestmentStrategy #FinancialFreedom #retirementsavings #retirementtravel #medicare #healthcareinretirement #taxplanning