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Underestimating Your Expenses Could Leave You Broke

The Employee Benefit Research Institute just released its 2018 retirement survey and it showed that confidence is dropping due to larger than anticipated expenses in later years, most notably medical expenses. In today’s Lifetime Income podcast, we address this problem and the importance of considering this when it comes to retirement planning and why individuals need to factor in worst-case scenarios into their budgeting process. See how Tim and Melissa Cates approach spending habits in “Why Spending Too Much Can Spoil Your Retirement” View the embedded file below or see PDF here.

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