Just because you’ve stopped working doesn’t mean life stands still. Expenses can’t always be predicted at the outset, and even the most mundane unexpected costs can threaten one’s financial health in retirement.
Citing expenses such as roof repairs and new cars, Colegrove said, “It is very important that, in your day-to-day budget, you are still saving for these expenses. On fixed incomes, not only might it be harder to qualify for a loan to cover the costs, the loan payments could blow your budget.”
Jennifer Lawrence (again) Read More