In this video, JB with Beckett Financial Group and Erin Kennedy talk through the three biggest expenses you’ll see in retirement; be sure these expenses are in your plan, or you may run out of money!
1. Largest Known Expense: Taxes
2. Largest Potential Expense: Healthcare
3. The Silent Thief: Inflation
The only way to combat the possibility of expenses exceeding assets is to have a written income plan for retirement, and that is why JB makes certain it’s one of the first steps he takes with clients: create a budget with all known expenses and build an income plan around it.