This Surprise Expense Is Likely to Upend Your Budget in Retirement (Hint: It's Not Health Care)
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Julia Glum
Julia Glum
News Editor | Joined February 2018
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Given that most people retire around the age when medical issues begin to stack up, you may fear that the cost of health care will eat into your retirement savings.
But new data suggests it's really your house you should be worrying about.
Analysis from investment management company T. Rowe Price shows that the costs of maintaining your home are most likely to upend your financial plans in retirement. In fact, home expenses contribute to a whopping one-quarter of the average American's increased spending in retirement.
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