We all know how easy it is to romanticize our retirement years. Many of us make lengthy lists of things we will do and experience in those golden years. We have little doubt about our ability to enjoy the perfect blend of leisure and excitement, which is what makes the very idea of retirement seem so priceless. However, it would be a mistake to equate “priceless” with “cost-free!”

Those golden years might cost you more than you think. Are you prepared for those costs?

Here is the thing to remember: sound financial plans focus on the type of assets and retirement income you will need to maintain a certain lifestyle level once you stop working. If you have plans beyond simply living out your retirement years in your quiet little neighborhood, you need to consider the costs. It would be a huge disappointment to see all your retirement adventure dreams vanish because of failure to plan ahead.