August 26th, 2016 | Miller Advisors

Where your retirement money goes

As you consider a long, happy retirement, give some thought to the largest aspects of your budget.  Where your money actually goes may surprise you.

Wealth alone cannot buy a quality retirement any more than it can buy happiness – but having a solid financial foundation can make those years more enjoyable.  As you consider a long, happy retirement, give some thought to the most expensive aspects – housing, transportation, healthcare and food – the effect of inflation and how to budget for it all.  Entertainment should be included, too, since social activities enhance your physical and emotional well-being. Keep in mind that these percentages will vary as life changes, so it’s a good idea to account for the biggest line items as your plan for the future.

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