Unplanned Retirement Expenses Loom Large This Time of Year

With a new year soon dawning, we have reached what for many people is annual budgeting season—a not-so-joyous time of poring over expected expenses and income. The former's usual suspects: Housing. Food. Medical care and leisure activities. But unplanned one-off expenses often loom large, too—especially in retirement. In our view, incorporating these into your retirement planning may be a sensible precaution. To help you do so, we compiled a few lesser-known costs we think investors ought to consider.