Invisibly reduce your retirement capital. Experts recommend paying attention to the four major openings that are most likely to spend money on savings.

When you are busy for most of your money, save a lot of money, prepare to leave your job and start a new stage of your life, it is best to understand first that some expenses will "accidentally" reduce your retirement capital. Pay special attention to the four major sales that are easiest to eat your retirement savings:

1. Health Insurance

The Money Couple Financial Management Website and Taylor, executive director of the Cova Wealth Management Company Kovar said that even with Medicare, the amount of out-of-pocket payments for medical treatment is still very high, "including medical expenses, surgery expenses and long-term care expenses." HealthView Services Financial estimated in 2021 that a 65-year-old woman with a very healthy body would have to pay an average of 156,082 yuan to 1 million yuan for her own medical expenses, based on her residence and personal life.

{9 "The house is getting old, and the need for large-scale repairs such as changing the roof or water pipes is getting bigger and bigger," said Cova. According to the State Council, from 2016 to 2020, the average annual expenses for elderly people over 65 in the United States spent 10,000 yuan on house-related expenses per year.

3. Tax

Most of the money you earn from your retirement account is taxed as income, and perhaps some of the social security funds are taxed. Experts say that most retirees live on a fixed income, and a high tax rate will eat a lot of pensions, so tax planning should be done well.

4. Long-term impotence

Due to the advancement of medicine and technology, people are now growing stronger and stronger. The National Center for Health Statistics pointed out that the average expected life for Americans born in 2021 is 76 years old. As you grow longer in your later years, your spending will also increase in your later years. Keva said, "Many people live to their 90s or even over 100 years old. The retirement plan must be considered for longer periods of money than you expect. This is very important."

Editor of Responsibility: Gu Zihuan