Most of the people start dreaming of retirement long before they enter in this stage of life. It is one of the life’s biggest transitions from a world of work to the land of leisure. You might expect this stage with highly enjoyable days & nights with enough amount of free time to do almost anything of your own choice.
But, your retirement is very likely to be quite different than you expected in your busy & working life schedule. You may encounter unexpected challenges or surprises waiting for you. Here are 11 biggest surprises you will encounter in retirement:
(1) Higher Expenses
It is one of the biggest challenges encountered by retirees after retirement. After life-long saving of money for retirement, it becomes quite uncomfortable for a person to spend that accumulated money & watching it quickly depleting over time.
It can be a very challenging task to spend your retirement savings. But, you should handle this situation by giving yourself permission to spend the retirement money. You should never hesitate to spend money on all necessary purchases needed to enjoy your life.
Sometimes, people are also shocked of certain lifestyle expenses which they were receiving as perks or incentives during their working life. Some of those shocking expenses include car expenses, diet expenses, travel expenses, entertainment expenses, or even computer expenses, etc.
A retired employee should prepare a good & effective retirement income & expenditure plan to control such expenses wisely.
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