Personal Finance 1st Edition by Jack R. Kapoor

Exercise 18

Determining Expenses during Retirement. 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? (Obj. 3)

Step 1 of 2

Some expenses are likely to decrease that are as follows:

• Clothing expenses.

• Housing expenses. (If we have paid off my house mortgage before retirement).

• Federal income taxes.