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Here are five retirement surprises that might come as a financial shock to you

SmartAsset
Summary
Nutrition label

71% Informative

Experts recommend setting aside 1% to 2% of your home’s current value for annual maintenance and repairs.

The cost of extended care as you age can be shocking: A private room in a nursing home can run more than $100,000 each year .

The best time to shop for long-term coverage is in your 50s or early 60s .

SmartAsset ’s free tool matches you with up to three vetted financial advisors who serve your area.

When and how to collect Social Security benefits is a major retirement consideration.

An emergency fund should be liquid -- in an account that isn't at risk of significant fluctuation like the stock market.

VR Score

61

Informative language

57

Neutral language

69

Article tone

informal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

long-living

External references

16

https://www.aarp.org/caregiving/home-care/info-2019/safety-tips.htmlhttps://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevant&utm_content=schwabhiddenretirementexpenseshttps://get.smartasset.com/advisor-marketing-platform/?utm_source=syndication_yahoo_amphttps://smartasset.com/retirement/retirement-calculatorhttps://smartasset.com/estate-planning/power-of-attorneyhttps://smartasset.comhttps://article.smartasset.com/compare-financial-products/https://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevantbold&utm_content=schwabhiddenretirementexpenseshttps://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevantbottom&utm_content=schwabhiddenretirementexpenseshttps://smartasset.com/retirement/schwab-hidden-retirement-expenseshttps://www.schwab.com/learn/story/5-surprise-retirement-expenseshttps://smartasset.com/retirement/find-a-financial-planner?utm_source=syndication_yahoo&utm_medium=referral&utm_campaign=sma__falc_relevantbotottom&utm_content=schwabhiddenretirementexpenseshttps://www.genworth.com/aging-and-you/finances/cost-of-care.htmlhttps://www.aarp.org/health/medicare-qa-tool/current-long-term-nursing-home-coverage/https://smartasset.com/insurance/best-long-term-care-insurancehttps://smartasset.com/insurance/differences-of-medigap-vs-medicare-advantage

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