answersLogoWhite

0

One of the most important financial responsibilities that you have is properly preparing for retirement. While you can somewhat predict how much you can save, a difficult thing to predict is how much money you will spend while you are retired.

When you are projecting your retirement finances, there are various things that you need to take into consideration. One thing that can be difficult to estimate is the cost of your medical expenses. As we age, we all will have an increased need for medical care. The amount of money that you will need to spend will depend largely on what form of insurance you will have.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the meaning of retirement finances in the financial view or perspective.?

Retirement finances is the money and resources that a person accumulates when preparing for retirement. This money is for everyday living expenses. You can view more information at http://www.aarp.org/work/social-security/info-05-2011/10-steps-to-retire-every-day.html.


What site has more information's about personal finance retirement?

Retirement companies such as Metlife and Fidelity will have online tools to help you find information on planning for retirement as well as managing your personal finances.


The best way to handle retirement finances.?

You should handle retirement finances by letting the professionals handle them for you. If it is a great deal then a financial manager may be your need. For those with more modest savings it may be best to put it into a fund that diversifies its investments and also provides a safer gamble.


Where can I find out about retirement finances?

There are many resources to help you with retirement financing. You can start with your bank, asking for a personal banker to help you. There are also many financial sites online such as www.aarp.org/money.


What are the risk associated with building a house?

Making sure you have a good project manager and that your finances are in order.


What are some areas of a project you would audit?

One of the areas of a project that can be audited regards finances or accounting. Another important area to audit is procurement.


Where can I find help for planing my investments for retirement?

The best place to find help for planning my investments for retirement are your local bank and investment firms. You can find help with retirement planning and investing at either moneycentral.msn.com/retire/ or www.americanfunds.com/retirement/.


What does the Linux project management software do for your computer?

Linux project management software is used to manage many aspects of a specific project, like finances, quality management, and scheduling. It is used to plan and control resources for the project.


When is it Time to Help Your Parents with their Retirement Plans?

A great time to help your parents with their retirement plans is now. Retirement costs are increasing and more money is needed to live comfortably without a part-time job. Discussing now about finances, living arrangements, and wills is very important.


What has the author H B Falkena written?

H. B. Falkena has written: 'Managing your finances after retirement' -- subject(s): Finance, Personal, Personal Finance, Retirees, Retirement income, Saving and investment 'Entrepreneurs only' -- subject(s): Businesspeople, Entrepreneurship


What is so great about the 401k, on the topic of money?

If I am understanding it correctly a 401k is basically for when you retire you have enough money to sustain you following finances, until your death. A retirement plan if you will.


Can I voluntarily default on my 401k loan?

No, you cannot voluntarily default on your 401k loan. If you stop making payments, it will be considered a default, which can have negative consequences on your finances and retirement savings.