Retirement isn’t just about saving — it’s about understanding what life will actually cost once the paychecks stop. In this video, HR expert Carrie Nelson helps you look ahead with clarity by identifying the real expenses that shape a secure retirement.
From housing and healthcare to hobbies, travel, and taxes, she explains why creating a detailed budget can bring peace of mind and lasting financial confidence. Whether you’re just starting to plan or refining your long-term goals, this session helps you visualize the lifestyle you want — and how to make it achievable.
Start building a future that fits your life, not just your income. Watch now to learn how smart planning today creates freedom tomorrow.
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All right, now let's fast forward.
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You're now in retirement. Let's discuss
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just some of the expenses you may have.
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I have to say for myself, I didn't start
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saving for retirement until I did this
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exercise and really sat down and thought
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about what it's going to cost me when I
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retire. And these are just a few things.
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Sit down and make a budget for yourself.
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housing costs, you know, your rent or
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mortgage, property taxes, utilities,
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insurance, maintenance costs, you know,
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a lot of the things you're doing now,
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health care and healthcare premiums,
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your daily living expenses, you're still
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going to have them. Transportation,
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entertainment and leisure, what are your
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retirement goals? You know, what is that
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going to cost? And then taxes. Yes, we
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still have taxes. So, I do encourage
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everyone to sit down, create a budget
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for your future.
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And then as you're doing this retirement
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planning, just know it's a lot of
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upfront work. It can be, but there's so
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many benefits. The peace of mind of
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knowing that you're going to be okay,
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your loved ones are going to be okay,
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the financial freedom that you'll have,
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not worrying so much about your health
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because you'll be able to pay for
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anything that may come up, and really
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doing the things you want to do,
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accomplishing your goals.
