A solid retirement strategy requires meticulous planning for all of life’s expenses; after all, if you don’t know how much it will cost to live in retirement, how can you know how much you need to save in order to retire comfortably? But even the most detail-oriented planners often overlook a key expense: the cost of transportation.
According to the Bureau of Labor Statistics, transportation is the second largest expenditure for consumers age 65 or older—and those costs are rising. This Forbes article explains why transportation costs could have more of an effect on your retirement expenses than you may realize.
Click here to read the article.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.