Doing This 1 Thing Could Shave $13,800 Off Your Annual Retirement Expenses
The average single retiree in good health requires anywhere from $25,188 to $38,988 to meet annual expenses, according to UMass Boston's Elder Index. Some need much more than this if they reside in a city or state with a high cost of living.There are several factors that determine how much money you need to live comfortably. But whether you rent or own your home, housing is likely to be your largest expense now and in retirement. And the Elder Index data reveals one key step that you can take to save yourself roughly $13,800 per year in housing costs.Image source: Getty Images.Continue reading
The average single retiree in good health requires anywhere from $25,188 to $38,988 to meet annual expenses, according to UMass Boston's Elder Index. Some need much more than this if they reside in a city or state with a high cost of living.
There are several factors that determine how much money you need to live comfortably. But whether you rent or own your home, housing is likely to be your largest expense now and in retirement. And the Elder Index data reveals one key step that you can take to save yourself roughly $13,800 per year in housing costs.
Image source: Getty Images.
