Seven Surprise Retirement Expenses

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You’ve worked your whole life to come to this party—your retirement party. You’ve saved and planned for this moment, and you’re looking forward to the upcoming years.

But have you really planned for everything? There are expenses lurking that can blow a hole in a retirement budget. What are seven retirement expenses?

1) Uncovered Medical Expenses

One of the biggest surprises for retirees is medical expenses. To start with, Medicare isn’t free. You pay for it. And many find out the hard way that Medicare doesn’t cover all medical expenses.