Retirement is expensive—no matter if you’re a freelancer, business owner, or employee! Or so you’ve been conditioned to think.
After doing a simple Google search about retirement costs, you will come across some pretty outlandish articles. The amount of money needed for retirement seems astronomical! Articles like these appear left and right:You Probably Don’t Have Enough Money to Retire,You Need $2.5 Million to Retire,A 20-Year-Old Could Need to Save $7 Million for Retirement. No wonder few people save diligently for retirement. The task seems insurmountable! Why even begin?
But there’s good news! The article you’re reading is not about doom and gloom. This article looks at your actual costs during retirement. You will likely realize your costs at retirement are not as astronomical as you may have been conditioned to believe.
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