Here's Exactly How I Plan to Spend My Social Security Checks in Retirement

My goal is to rely on my future Social Security checks as little as possible. Hopefully, I can use the income to pad my travel budget, pursue hobbies, or give to causes I care about. Realistically, though, I'll probably depend on Social Security for at least some of my income. And so, I plan to set aside my future benefits for a big expense that devours a growing share of retiree budgets year after year.Image source: Getty Images.I'm in reasonably good health, but I'm also probably about 25 years away from retirement -- and a lot can go wrong during that time. As you get older, you can generally expect to spend more on healthcare. For example, people ages 55 and older accounted for just 31% of the U.S. population in 2021, but were responsible for more than half of healthcare spending. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool