Analyze Your Spending
Before we can plan a retirement income strategy, we need to understand your retirement spending.
A typical budget
Typical married adults ages 65 and older spend...
- 29% on housing
- 9% on utilities
- 8% on taxes and insurance
- 6% on rent/mortgage
- 6% on maintenance
- 20% on healthcare
- 8% on insurance
- 6% on drugs
- 4% on health services
- 2% on medical supplies
- 13% on food
- 12% on transportation
- 10% on entertainment
- 10% on gifts
- 6% on other expenses
Source: WealthVision
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