What to Include in Your Retirement Budget
As you prepare for retirement, there are a number of things you can consider when making a budget. A U.S. News and World Report article, 10 Costs to Include in Your Retirement Budget, offers up some useful ideas. Item number one is your housing, which is the largest expense for many retirees. While you may be able to pay your mortgage off before you retire, thus relieving you of a large monthly bill, you may also want to factor in expenses like property taxes, insurance, and maintenance costs.