8 Realistic Ways to Supplement Your Retirement Income
Many people expect that their living costs will go down after they retire, and are shocked to discover that their golden years are more expensive than they'd anticipated. In fact, the average retired household in the U.S. spends $46,000 a year, which is roughly $10,000 less than the average yearly outlay of all U.S. households, but a lot of money nonetheless.
When we think about the various things seniors spend money on, that figure makes sense. It's estimated that the average 65-year-old couple retiring today will rack up $285,000 in healthcare costs throughout their retirement years when factoring in Medicare premiums, deductibles, copays, and other out-of-pocket expenses. Throw in essentials like housing, transportation, food, utilities, and clothing, and it's pretty clear that seniors will need all the retirement income they can get.
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Source Fool.com
