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6 nasty financial surprises that could wreck your retirement

By Deb Hipp of Mediafeed | Slide 1 of 8: Two-thirds of workers across three generations – millennials, Generation X and baby boomers – are confident they’ll be able to retire with a comfortable lifestyle, according to "What is 'Retirement?' Three Generations Prepare for Old Age," a 2019 survey of workers published by Transamerica Center for Retirement Studies, a nonprofit foundation based in Los Angeles.You may think you’ve got retirement covered with savings in retirement and other accounts. However, whether you’re nearing retirement age or already enjoying retirement, unexpected expenses due to aging, along with shifting economic and cultural factors, can derail, or at least curtail, your financial plans for retirement.Continue on to learn 6 surprise costs that can strike a disabling blow to retirement savings.Sponsored: Worried you don't have enough money for retirement? Find a financial advisor who can help. A financial advisor can guide you in building a portfolio that matches your financial needs and goals. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Are your retirement savings safe?

Two-thirds of workers across three generations – millennialsGeneration X and baby boomers – are confident they’ll be able to retire with a comfortable lifestyle, according to "What is 'Retirement?' Three Generations Prepare for Old Age," a 2019 survey of workers published by Transamerica Center for Retirement Studies, a nonprofit foundation based in Los Angeles.

You may think you’ve got retirement covered with savings in retirement and other accounts. However, whether you’re nearing retirement age or already enjoying retirement, unexpected expenses due to aging, along with shifting economic and cultural factors, can derail, or at least curtail, your financial plans for retirement.

Continue on to learn 6 surprise costs that can strike a disabling blow to retirement savings.

Sponsored: Worried you don't have enough money for retirement? Find a financial advisor who can help.

 

A financial advisor can guide you in building a portfolio that matches your financial needs and goals. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

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