9 Reasons You May Never Retire

 9) You Count Too Much on Expected Inheritance

Maybe your parents had it easier and were able to retire comfortably on a pension. Perhaps they paid off their mortgage early. Then the real estate market soared and they had a lot of unexpected equity built-up in their home. That doesn’t mean that they will be able to leave you enough financial inheritance to fund your retirement. The cost of healthcare for the parents of baby boomers in the last few years has skyrocketed. Many elderly parents require round-the-clock nurses or health aids. Sometimes they end up needing to enter a nursing home facility, which, in many cases will use up any real estate equity in order the pay the extremely high costs. It is very easy these days to burn through all of your money very fast, just on surgeries and other healthcare needs alone. Don’t depend on inheritance to pay for your retirement. Start saving now. Watch your budget continuously so you can live more independently, and enjoy a secure retirement when the time comes.