How much will you spend in retirement? Understanding your retirement expenses
By Holly Simeone • February 27, 2025
Do you know how much you’ll spend in retirement?
When it comes to retirement planning, the most critical number isn’t your account balance – it’s how much you need to spend. The first step to creating an actionable retirement plan is to assess your spending needs:
- Review your current spending to understand what you need to include in your everyday budget.
- Consider health care expenses – for many retirees, this is one of the largest cost areas!
- Don’t forget to include tax bills, income, property, and others.
- Expect the unexpected! Leave room for home repairs, recessions, and emergencies.
If you’re ready to start planning for a confident retirement, we’re here to help!
It all starts with a free 15-minute conversation with one of our licensed financial advisors.
Holly is a Certified Estate and Trust Specialist and financial advisor at Berkshire Money Management. She is skilled at helping recently or soon-to-be retired professionals secure their financial futures. Holly specializes in guiding families through the often-emotional process of structuring their estates to protect legacies and reduce taxes.
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