There are a lot of factors you need to consider when budgeting for monthly expenses for retirement. Where are you going to live? Are there any taxes on your retirement income? Are there any property taxes? What is the cost of living? Will you need public transportation or will you maintain your own vehicle? What kind of a lifestyle are you looking for? Are you wanting a permanent home or maybe RV living is for you. There are even assisted living RV Communities out there for those interested.
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