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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: richinmd   😊 😞
Number: of 1355 
Subject: Tracking Expenses in retirement?
Date: 10/01/26 11:09 AM
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I'm wondering if any retirees here have tracked their expenses during retirement in detail?

I track some things but not to any extreme detail.

I can see in my limited retirement, less than 4 years, the biggest issue in retirement (excluding health) is inflation. That $75,000 or $100,000 or whatever you had budgeted for retirement and you think includes a decent buffer quickly looks smaller and smaller with inflation. I certainly don't think the reported numbers are close to reality with my expenses and I think inflation is much higher.

Medical insurance & care would be a significant cost item for most and this one where you get hit in multiple places unlike other things. For example, if grocery prices go up 5% well that is 5%, not good but still 5%. If medical insurance goes up 5%, your medical expenses don't just go up 5% because usually the deductibles go up, copays go up, and bills from medical facilities go up. So that extra $1,500 you have to pay in insurance is only the start of your additional expenses. If the deductible goes up $300, that has to be added, if the copay goes from $30 to $40, that can add another $100+, if the doctor and facilities charges go up 5%, that is more, etc.

I'd be curious if anyone has closely tracked medical expenses in retirement and how much they have gone up over 5, 10 years.

Thanks
Rich
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This community has written 1,284 posts about Retirement Investing. The article-length ones it recommended most:
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(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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