Retirees: What Are The Expenses You Didn't Count On For Retirement?

Discussion in 'UPS Retirement Topics' started by anonymous6, Dec 29, 2013.

  1. anonymous6

    anonymous6 Guest

    I'm almost there for retirement and trying to crunch all the numbers to see if we will be OK for retirement living.

    I have been keeping track of all expenses for the last couple years. some expenses will go down like gasoline, tires, etc for the car. laundry, razors (ha ha)

    are there some unexpected expenses you did not count on?
     
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  2. oldngray

    oldngray nowhere special

    Getting screwed on healthcare is the biggest variable. I really watched my spending the first year of retirement to make sure I was OK moneywise. I even saved some more money after retiring while on pension. I spent some on house repairs but that was expected maintenance like new roof and gutters.
     
  3. rod

    rod retired and happy

    I can't say I was surprised by any expenses. When you are working expenses come up that you weren't expecting and the same is true once you retire. Don't sweat the small stuff---things have a way of working themselves out. If you have to budget every penny you probably haven't tucked enough away to retire.
     
  4. moreluck

    moreluck golden ticket member

    If you move, be sure to check out all taxes in the new state. You must check out income tax, property tax, sales tax, taxes to license vehicles etc. It will all dictate your style of living in retirement.

    If you are not moving, then you already know these things.
     
  5. pretender

    pretender Active Member

    I agree on the healthcare variable. I just completed my first year, and I also was able to save some more money by watching my spending. When you are working, you spend a lot of money on conveniences such as eating out, lawn care, etc.
     
  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I would think that retirees who did not properly plan will have more idle time than they know what to do with and as a result may spend money out of boredom.
     
  7. oldngray

    oldngray nowhere special

    You find yourself spending more time on hobbies that keep you busy but don't necessarily cost a lot of money. There are so many things you don't have time for while driving so its great to finally have time to do those things.
     
  8. rod

    rod retired and happy

    I guess I'm doing it all wrong. We eat out more now than we ever did and I never paid a dime for lawn care-----until I retired. I still mow my own grass but I have Scotts Lawn Service fertilize and do a fall aeration.
     
  9. cachsux

    cachsux Wah

    Birth control. You don't want to have to try and get your job back in 9 months.
     
  10. oldngray

    oldngray nowhere special

    No more little blue pills?
     
  11. cachsux

    cachsux Wah

    Popsicle stick and electrical tape.
     
  12. anonymous6

    anonymous6 Guest

    can you explain the healthcare variable? I already know I will have to chip in 150 a month ( unless that changed in the West )
     
  13. oldngray

    oldngray nowhere special

    We still don't know how much healthcare will cost. I currently pay $50 per month under a UPS plan but that almost certainly change after every contract supplement passes. Still don't know how much it will cost. I got a letter last week that said UPS will provide details later.
     
  14. pretender

    pretender Active Member

    I think it is the opposite: Retirees who did not properly plan have to go back to work to pay the bills. Actually, I can't imagine being bored--I am still finishing projects I started years ago, but never had a chance to finish.
     
  15. pretender

    pretender Active Member

    If you hadn't married your babysitter, you would not have to worry about that.
     
  16. pretender

    pretender Active Member

    I think it is just a matter of being cautious during the first year, because of not being used to living on a fixed income. I enjoy now having the time to manicure my lawn and doing landscaping projects.
     
  17. rod

    rod retired and happy


    I would agree with you. Retiring can be scary. We watched our spending real close for the first few years. After awhile when you start drawing pensions and Social Security and seeing that your investments are doing what they are suppose to you get more comfortable. To be honest I have more disposable income now than when I was working and raising kids. Every once in awhile I get bored so I go buy a new toy or a new shop tool.
     
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  18. cachsux

    cachsux Wah

    Someone has to watch the kids.
     
  19. stealth8

    stealth8 Active Member

    In my local retiree retirement health plan, if I chose to move out of state I will have to pay out- of -network price for health care. Also when I retired my 24 year old son lost his health coverage from my plan. Other than that retirement is GRAND!
     
  20. oldupsman

    oldupsman Well-Known Member

    Sounds to me like you've already done your homework. I looked at it the other way.
    I figured between gas money, wear and tear on my vehicle, and I ate lunch and break on the road every day,
    I saved about 4 grand a year NOT going to work.