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When you hear the term “basic expenses” you may think about: the cost of housing, healthcare, food, and things of that nature. We recently completed a study where we asked retirees and pre-retirees what they define as basic expenses. While housing, food, and healthcare are all on the list – some of the other basic expenses they identified may surprise you.
Source: 2017 NYL Consumer Retirement Income Plan conducted by Greenwald & Associatesning Study