When planning your financial strategy for retirement, one of the most important steps is to estimate your spending and build a projected budget. You’ll likely factor in your usual bills and lifestyle expenses. However, be sure not to ignore health care costs as you predict your retirement spending.
In a 2016 Gallup poll, 64 percent of Americans reported they were worried about retirement.1 It’s an understandable concern, as many workers haven’t saved nearly enough to fund a multi-decade retirement. Are you included in the nearly two-thirds of Americans who are worried about retirement?