How much does it cost to retire? This video discusses why you may need less money than you think! The video also discusses how people actually spend in retirement versus how they spent during their working years, as well as taxes and other deductions that workers pay that retirees do not. The video concludes with a discussion about the accurate cost of healthcare in retirement versus the scary numbers that you some might want you to believe.

T-Rowe Price article on healthcare costs discussed in the video:
https://www.troweprice.com/personal-i...

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Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.