Skip to main content

Reverse Mortgage Blog

Managing unexpected expenses in retirement and creating an emergency fund

March 19, 2020

From USA Today:

You might expect plenty of things in retirement – spending time with family and friends, traveling, focusing on your health wellness.

But you're also living in fear of unexpected expenses. In fact, roughly half of near-retirees and retirees say that’s the biggest fear they have/had about retirement, according to a recent survey published by Empower.

"Retirement is effectively a great unknown," says David Blanchett, head of retirement research for Morningstar Investment Management. "The actual date of retirement is unknown for most, when retirement is going to end, i.e., death, is unknown, and we do - and spend – in retirement is unknown, especially before it begins."

Two questions: Will you face unexpected expenses in retirement and, if so, how best to plan for those expenses?

https://www.usatoday.com/story/money/2020/03/18/retirement-how-deal-unexpected-expenses/5031645002/

 

iReverse Home Loans Corporation profile picture
iReverse Home Loans Corporation
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provide only high value reading and insight around the topic of reverse mortgages. Ultimately, it’s up to you to educate yourself on the topic and determine if a reverse mortgage is a good strategy for your financial retirement. Please enjoy the articles and I hope you learned something during your visit here. Cheers!
BLOG HOME
About my blog
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provid...
Read More »
Categories
Archives
Search