Your Savings Might Not Cut It

To create an accurate retirement budget, you can't afford not to expect the unexpected.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [Browser View]( [Wealthy Retirement]( Without a Thorough Retirement Budget, Your Savings Won't Cut It Steve McDonald, Bond Strategist, The Oxford Club [The Mysterious "Secret Stock"]( It trades under a secret name... for just $3. But thanks to a developing situation involving Donald Trump, America's No. 1 tech company and $10 billion... this may soon be the most talked about stock in America. [Find out more about the "secret stock" here.](   [Steve McDonald]  One of the things most people forget to include in their retirement plan is saving after retirement. A plan that only draws down your funds is a problem in the making. If you make it to age 65 in good health, you can expect to make it well into your 80s. And by age 66, 69% of Americans are out of the full-time workforce. That's a long time in retirement without a paycheck or any savings. And the longer we live, the greater the chance we will be hit with unexpected expenses - costs that most retirement plans don't address.  Like a roof... The average life of a roof, depending on where you live, is anywhere from 20 to 30 years. The average cost to replace a roof for a 1,500-square-foot home varies depending on where you live, from a low of $4,700 to more than $10,000. (Those numbers seem very low to me. I replaced the roof on a 1,100-square-foot cottage three years ago. That was $11,000.) Coming up with even $10,000 is not an easy task for most retired people. Some of the numbers I've seen say the average American doesn't have the cash to pay for a major car repair. Another thing most of us don't think about is major appliances. The stove, refrigerator, microwave and dishwasher in your kitchen will very likely need to be replaced during your retirement years. You're looking at anywhere from $3,000 to $5,000. And that's a reasonable estimate. Get fancy with stainless steel and options, and the sky's the limit. The average life of an air-conditioning unit in Florida is seven to 10 years. That's a quick $5,000 or $7,000, minimum. Even if we use the low number that I quoted to replace a roof, we're looking at somewhere in the area of $20,000 to $25,000 in replacement costs, before inflation, for items we cannot live without. Here's where the hurt comes in - the money side.  [Looming Crisis Could Hit Americans on September 18, 2019]( [Scary Chart](Chart shows that Washington is virtually helpless when the next crisis hits. That's why it could do something drastic on September 18, 2019... something that could bring this raging bull market to a sudden stop. [Details Here!](  A Thorough Retirement Budget Expects the Unexpected... If you include the people who don't have a retirement plan, between the ages of 56 and 61, the median amount Americans have saved for retirement is $17,000. It's a little better for those who do have a retirement account. Their median amount saved is $126,000. But if the numbers above are accurate, and I have no reason to doubt them, just replacing key items will account for 20% of your total savings. And I haven't included the cost of transportation. There is no easy answer. Saving money, even when we were working, was difficult. But if we are to spend 20 and even 25 years unemployed, we need a more inclusive retirement plan for expendable and replacement items. Make sure your retirement plan covers more than just your day-to-day expenses. Good investing, Steve  [Click Here to Comment](  [Born Before 1965? Collect $480-$549/Week With New Retirement "Side Job"]( We've come across what we call "The Perfect Retirement Business" because it allows you to collect oversized income payouts - as high as $1,038 or more each week - for the rest of your life... and while hardly lifting a finger. Even regular guys like Brad Nichols and Stuart Gillen are now collecting checks averaging $480 to $549 per week. [Details here.](  - More From Wealthy Retirement -   [Thoughtful Woman]( [What's More Important... Wealth or Income?]( [Marc shares an experience that helped build his commitment to investing.](  [Boy Balancing]( [Finding the Right Balance With Trading Frequency]( [For income investors, turning to options with the help of experts can boost returns.](  [Marijuana Jars]( [Why Legalization Isn't the End of the Story]( [So far, this government has failed to enact reasonable laws on marijuana.](    [Facebook]( [Twitter](   [Pennsylvania Man Reveals the "Greatest Tech Trade in Stock Market Histor"]( This stock is dirt cheap... trades on the Nasdaq... and is virtually unknown. But it's the manufacturer of a device we believe is the linchpin of the potential $12.4 trillion 5G revolution. For details on this genius trade, [click here](.  You are receiving this email because you subscribed to Wealthy Retirement. To unsubscribe from Wealthy Retirement, [click here](. Need help with your account? [Click here](. Have a question or comment for the editor? [Click here]( mailto:mailbag@oxfordclub.com?subject=Wealthy%20Retirement ). Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Wealthy Retirement | Attn: Member Services | 105 West Monument Street | Baltimore, MD 21201 North America: [1.855.402.3939]( | International: [+1.443.353.4057]( | Fax: [1.410.329.1923]( Website: [www.wealthyretirement.com]( Keep the emails you value from falling into your spam folder. [Whitelist Wealthy Retirement](. © 2019 The Oxford Club LLC All Rights Reserved [Oxford Club] The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publications prior to following an initial recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, 105 W. Monument Street, Baltimore MD 21201. Â