informed decisions blog

Retirement Spending Changes To Expect #245

14th November 2022

Paddy Delaney

Spending in Retirement

One of the biggest questions for people who are transitioning from full-time employment is ‘how does spending change in retirement?’. It is a difficult question to answer, but there is a lot of research out there, which points to some key takeaways.

  • Retirees can expect to spend less on food and clothing
  • You can expect to spend less on transportation in retirement
  • Expect healthcare costs to increase
  • Many retirees plan to spend more on gifting
  • More favourable tax rules apply to retirees
  • Expect your overall spending to remain broadly in line with current spending

I hope it helps.


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