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Tailor your investment strategy Your investment choices should align with your risktolerance and the time frame you have until retirement. Anticipated expenses For a clearer picture, consider estimating your post-retirement expenses, including housing, healthcare, transportation, food, and leisure activities.
The BLS data also revealed that transportation is the second-largest retirement expense, accounting for $7,160 annually or 13.7% As you plan for retirement, assess your transportation needs realistically. Consider whether owning a car is essential, especially if you live in an area with good public transportation.
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