20 Financial Considerations for Retirement
19. Understand Your Cash Flow Requirements
Many times, people simply underestimate their cash flow requirements for retirement. This act simply creates stress once entering retirement when there is not enough money available to pay the bills. A good measure for expense accounting for retirees is to assume that unless one is selling their home, the bills in the first few years of retirement will be equivalent to the last few years that one works. This figure does not account for any expenses that are incurred from additional travel, and assumes that the retiree is seeing a enough income to maintain the desired lifestyle in retirement.
