Show Notes
Are you planning for retirement and wondering whether your savings will be enough?
In this episode of the Retire Well Podcast, Matthew and Joe from Wealth of Advice discuss five hidden retirement costs that many people overlook when building their retirement plan. While most people account for regular monthly expenses, it's often the unexpected and irregular costs that can have the biggest impact on long-term financial security.
Topics covered include: Home maintenance, repairs, and renovations Replacing and running a car in retirement The long-term impact of inflation Spending more money simply because you have more free time Supporting children and grandchildren through gifting and financial help
The episode also explores practical ways to plan for these costs, including contingency funds, cash flow modelling, and creating a retirement strategy that reflects real life rather than just monthly bills.
Whether you're approaching retirement or already retired, this conversation will help you avoid common planning mistakes and build greater confidence in your financial future.
Have a retirement question? Leave it in the comments and it could feature in a future Q&A episode.
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CHAPTERS 00:00 - Introduction 01:11 - Maintaining, Running & Updating Your Home 06:40 - Replacing Your Car 10:20 - Inflation 17:20 - Having More Time to Spend 22:30 - Helping Your Loved Ones
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TALK TO US Call us: 0191 384 1008 Email us: [email protected] Website: www.retirewellpodcast.co.uk
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Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.
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