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The costs were shocking easily over $100,000 a year and Medicare didnt cover much of it.
Even with Medicare,supplemental insurance and prescription costs are climbing every year, according to DeLonde.
Travel
Ive had so many clients dream of traveling the world after retirement.
Airfare reflects fuel prices and other rising costs, added Musson.
He ended up buying used but still felt like he overpaid compared to just a few years ago.
On top of that,car insurance will likely become unaffordablefor most boomers on the road.
One client joked that fresh produce feels like a luxury item now.
Many are having to switch toless expensive, but less healthy, food optionsto make ends meet.
College isnt the only expense thats weighing on boomers.
Overall, the cost of being a grandparent in America is only getting more expensive.
Restaurants will cost more thanks to the rising cost of food and paying employees, Musson echoed.
Budgeting is key know where your money is going and focus on essentials, DeLonde advised.
Ive also seen clients find success withpart-time remote work or consulting.
Retirement isnt just about saving its about adjusting and finding creative ways to thrive.
With some planning and flexibility, boomers can navigate these challenges and still enjoy this stage of life.
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