Personal Finance 1st Edition by Jack R. Kapoor

Exercise 17

1 How can you estimate the amount of money you will need during retirement?

---

2 What expenses are likely to increase or decrease during retirement?

---

3 How might you adjust your expenses for inflation?

Action Application Read newspaper or magazine articles to determine what expenses are likely to increase and decrease during retirement. How might this information affect your retirement-planning decisions?

Step 1 of 3

1.

We can estimate the amount of money we will need during retirement. Although it is impossible to predict the exact amount we will need, but we can estimate the amount by considering the changes we anticipate in our spending patterns and in where we live and how we live.