From FoxBusiness.com…..
Estimating your retirement expenses ahead of time isn’t always the easiest thing to do. Until you’re actually in retirement, you may not realize how much you’ll ultimately spend on things like transportation, entertainment, and healthcare. But one thing’s for sure: If you hope to live comfortably as a senior, you should plan on spending at least 70% of what your expenses amounted to during your working years. And to pull that off, you’ll need a healthy level of income.
Yet some seniors may be limited to just $18,168 a year in income. And if you’re not careful, you could easily wind up in the same boat.
