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However, that doesnt mean allcosts of livinggo down, unfortunately.
Healthcare
Probably the most likely bill to increase in retirement will be healthcare.
Health insurance premiums also tend to go up every few years.
However, Musson suggested money on healthcare is money well spent.
Spending money on good coverage is key to avoiding the brunt of treatment costs.
This makes it much harder to pay for the cost of living when on a fixed income.
It might force some retirees to go back to work part time or delay retirement, she explained.
Account For Longevity
Additionally, some people are living longer than they accounted for.
When planning for retirement, assume that inflation will continue as it has.
Plan for your taxes to increase every three years or so.
Expect the most expensive possibilities.
If you plan for the worst, youll be prepared for anything.
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