Most people plan for how much to save in retirement, not how they’ll spend it. Without a clear spending plan, even a well-funded nest egg can run dry faster than expected. Creating a retirement spending plan helps retirees balance lifestyle goals with long-term financial security, ensuring their money lasts through every stage of retirement. Financial experts say the strongest plans account for essentials like housing and healthcare, leave room for flexibility, and get updated regularly. Here are six sm ...

Many people expect their expenses to shrink in retirement, but for many Americans, the opposite happens after 75. Costs rise in ways after a decade into retirement. Read More: 5 Ways To Make Money in Retirement Without Going Back To Work Full Time Find Out: 10 Genius Things Warren Buffett Says To Do With Your Money Fidelity now estimates a 65-year-old retiring in 2025 will need about $172,500 to cover healthcare costs throughout retirement, and that figure doesn’t include long-term care. Add in taxes, hom ...