Retirement may relieve you from decades of work, but some obligations are inescapable. Presented by BrighthouseFin
plan is free for most people over 65, there are still out-of-pocket costs, such as deductibles, copayments, and prescriptions, to factor in. But Medicare doesn't cover everything — many retirees pay extra for supplemental health insurance called Medigap.
Plus, some retirement income is subject to taxes like any other earnings, so Social Security benefits and distributions from a tax-deferred retirement account like aHere's are three expenses that are practically impossible to avoid in retirement:America's federal health insurance program for retirees kicks in at age 65.
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