If you get hit with an unexpected expense when you’re still working chances are you’ll recover quickly, because you’re still collecting a paycheck. But if you’re caught off guard with an unexpected expense when you’re retired it could force you to go back to work, or put a serious dent in your lifestyle. In this episode, we discuss 6 underestimated expenses that could blindside you in retirement, here are the highlights:
- Why you could be paying a lot more taxes than you know.
- The ugly truth about the skyrocketing cost of healthcare and long-term care expenses.
- Plus, what Bloomberg news claims is a $150,000 expense - that you’re not accounting for.
Host Ben Christy interviews Beacon Capital Management's Senior Partner and Co-Owner, Pete Benson, and CEO and Co-Owner Jon Maxson, for this episode of the Beacon Retirement Strategies Radio Show: What Is The Tax Impact On Your Retirement Money?