Although six out of 10 retired boomers feel better than they expected to about retirement, that doesn't mean that the road has been totally smooth.

In fact, boomers are waking up to new financial realities they didn't expect, such as higher spending on health care, travel, taxes, utilities and food.

That's according to new research from Capital Group, which finds that some of the financial surprises boomers face in retirement are from increased spending in areas they didn't anticipate: health care, travel and taxes.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.