Retirement Shock: Unexpected Costs Derail 40% of Households
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Unexpected expenses in retirement can deplete 10% of income, with 40% of households lacking sufficient cash. Healthcare, home repairs, and family needs are the main culprits, with healthcare costs surging without warning. Financial advisors advise building an emergency fund and having a calm response plan to avoid dipping into savings or incurring debt.
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