Retirees downsizing to save money may encounter unexpected costs not budgeted for, leading to discrepancies in their financial plans. Stephanie, who retired at 59, advised preparing for rising costs in insurance, services, and goods post-retirement. She stressed the importance of reviewing all expenses, seeking lower insurance rates, and planning for potential long-term care needs. Retirees should also consider switching to more cost-effective grocery stores to save money in the long run. It’s crucial to carefully evaluate expenses and plan ahead to avoid financial pitfalls in retirement.

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