Retirement Community Cost Calculator Senior Living Retirement Community in Oakmont, PA
Table of Content What is Retirement? How Should I Invest for Retirement? Pensions, 401(k)s, Individual Retirement Accounts (IRA), and Other Savings Plans Average retirement income UK Make Sure You Have Enough to Retire Depending on income level, some consumers spend significantly more than that. Another larger expense in retirement that might catch you by surprise is your cost of health care. Medicare may help pay for most of your health care expenses, but you will probably need to budget for Medicare supplement insuranceas well to help pay for copayments, coinsurance and deductibles. This additional insurance may end up increasing your cost of living expenses. If you could move to a retirement community and pay the monthly median fee of $2,522 for housing, utilities, food, transportation, and healthcare, then you’d come out ahead by nearly $30,000. Again, you have to look closely at what you’re getting in exchange for what you’re paying. Another alternative for a 100K construc...