Cheryl Zhao

When it comes to retirement, we all think about a gray-haired couple, walking down the beach. The ideal retirement – you are still healthy, quite wealthy from a lifetime of retirement planning and saving, enjoying your golden years. The problem is that, just like any other stage in our lives, retirement comes with some unpredictable retirement expenses. Unpredictable for some, because we are seasoned personal finance aficionados and know better. So, there you have it Retirement expenses you probably didn’t think about Big healthcare costs This is no brainer, if you ask me. The older you get, the sicker you get. At least in theory. Age itself makes our bodies function worse than before, if you also didn’t care for your health too much as an adult, chances are you’ll enjoy quite some trips to your doctor’s office. Keep a good health insurance in mind and be ready to cover any medical expenses that might still arise. Household expenses A lot of retirees are considering downsizing or even moving abroad to cut down some of the living costs. There are still people who pay a mortgage or live in a huge house, not thinking that, once the kids are grownups and left the house, it makes sense to move to a place where live is more affordable. We have already considered moving into our country house in about 20 years (provided we are still alive, of course), or move to another country where life is very inexpensive and we can life in a nice climate and on the seaside. Expensive hobbies Many retirees go from a life of little fun, as they try to save for their nest egg and pay off debt, to an expensive lifestyle as soon as they retire. Taking up yachting or golf is a fun […]