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He thought he hadretirementall figured out then reality hit him like a canceled primetime show.
Heres seven unexpected costs that couldve derailed his golden years, andwhat he did to avoid them.
The My House Is How Old?
In fact, he nearly choked on his coffee at the realization.
He started squirreling away cash for home repairs afterward, avoiding aretirement budget nosedive.
The Ouch, That Doctor Visit Costs What?
Plan
Healthcare expenses can blindside you like a plot twist.
After Kenny received a particularly costly bill, he decided to make changes.
I always knew healthcare was expensive, but those numbers were simply wild, he said.
The I Owe How Much?
Tax Surprise
Taxes in retirement?
Kenny hadnt seen that coming.
I thought Id be paying less, not more!
I love em, but I realized I needed to help them help themselves, he added.
In addition to being their bank, Kenny gives his kids basic lessons to help them better understand money.
By teaching them now and setting them up for financial success, he can protect his retirement tomorrow.
The Hobbies Arent Free Fund
Kenny dreamed of traveling and picking up new hobbies in his retirement.
Then he saw the price tags.
I wanted to see the world, not empty my wallet, he added.
Cars age faster than actors in Hollywood, he joked.
This way, he has the money ready when he needs it and can avoid a budget breakdown.
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