Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

10 Retirement Expenses You Don’t Have To Worry About

June 21, 2022 · Retirement Life
retirement expenses
Photo by Ground Picture from Shutterstock

6. Insurance

When you calculate your retirement expenses, you may want to know that you’ll pay less money on insurance (except for health coverage). Workers typically apply for life insurance to protect their children and spouse in the event that the worker passes away leaving dependent loved ones without financial support.

Similarly, disability insurance is meant to provide partial income in case the policyholder becomes injured or ill and unable to work.

However, if you’re retiring, you’ll most probably want to live off of your investments, Social Security benefits and savings. In other words, if you’re financially OK to retire, you probably won’t need income protection insurance any longer.

To clarify, here are some numbers you may want to look at: while the average working household pays $8,100 per year on insurance, including life insurance, annuities and other personal insurance plans, the average retired household spends only $2,840 a year.

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

2 comments on “10 Retirement Expenses You Don’t Have To Worry About”

  1. Kane Hoffman says:
    October 31, 2022 at 7:55 am

    none of these were new or useful as i have learned to live with retirement and how to save on most every thing.

    Reply
  2. jay alan myers says:
    October 16, 2022 at 1:49 am

    With the foo\ssil Biden in the white house you would be a fool to drink the koolaid and believe that any left coast city is a good place to retire. The only sane place to retire is florida under the competent leadership of ron desantis

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • Ink and watercolor illustration of a balance scale holding a warm coffee mug on one side and a vintage travel suitcase on the other. 8 Jobs That Let Retirees Set Their Own Schedule
  • An ink and watercolor illustration of a retired couple looking toward the horizon, symbolizing retirement planning. 5 Social Security Trends Shaping the Future
  • A retired couple sits together at a sunlit kitchen island, reviewing financial papers and planning their retirement budget. How Retirees Are Stretching Their Social Security Benefits
  • An editorial illustration showing a balance scale where a coin labeled COLA is outweighed by grocery bags and medicine bottles. What Retirees Need to Know Before the Next COLA Announcement
  • An older woman reviewing a Social Security Administration letter at her kitchen table with a magnifying glass and a calculator. Why Retirees Are Watching COLA Estimates Closely
  • Illustration of a senior woman planning her budget at a sunlit table, symbolizing retirement financial planning. What a Higher COLA Could Mean for Your Budget
  • An older couple sitting at a wooden table reviewing financial papers in a warm, sunlit room. Is Your Pension Keeping Up With Inflation?
  • Gouache illustration of a cozy kitchen table with coffee, glasses, and an October calendar, symbolizing retirement planning. New COLA Predictions Are In - Here's What Retirees Should Know
  • Retirees Are Watching This $2,000 Proposal Closely
  • A clean, horizontal timeline diagram showing key Social Security age milestones from 62 to 70 with rules and earnings limits labeled. 5 Social Security Rules Most Retirees Learn Too Late

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

A woman smiles while tending to plants in a community garden, other people are visible in the background.

Staying Social After Retirement: How to Build a New Community

Special Considerations for Relocators and RVers While the core principles of making friends apply to…

Read More →
retired travelers

Retirement Travel Tips – Essential Guide for Retired Travelers

Retirement marks a significant life transition, offering the enticing prospect of exploring the world. However,…

Read More →
growing-older-2

13 Things About Getting Older That People Have Trouble Accepting

Is getting older difficult to accept? Aging should be considered a blessing, not a curse.…

Read More →
National Park

6 of the Best National Parks for Seniors

Shenandoah National Park, Virginia Best Time to Visit: Spring through fall. You’ll find generally warm…

Read More →
A map of the United States highlighting several states, with icons indicating healthcare access and cost of living.

Evaluating the Best and Worst States for Healthcare Access for Seniors

Your Action Plan: How to Confidently Evaluate a State’s Healthcare You have the concepts and…

Read More →
retiring in Florida

Top 5 Reasons to Skip Retiring in Florida

An older man reviews documents on his laptop while lush tropical palm trees sway outside…

Read More →
toughest states for retirees

8 Toughest States for Retirees

6. California At first glance, California may seem like an ideal retirement spot, but don’t…

Read More →
hobbies

Top 8 Most Popular Hobbies for US Seniors

7. Opportunities for education This doesn’t sound exactly like a hobby, right? Well, for a…

Read More →
retirement places

8 Retirement Places Where Homes Cost Under $100K

6. Pickwick Pines Resort, Mississippi This retirement community in Northern Mississippi, built in the early…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Terms and Conditions
  • Privacy Policy
  • Do not sell my personal information
  • Subscribe
  • Unsubscribe
  • Contact
  • CA Privacy Policy
  • Request to Know
  • Request to Delete

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.