Retirement Budget Templates – 10 Free Sample Templates

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Retirement Budget Templates – 10 Free Sample Templates

Creating a Retirement Budget it is a way of securing your retirement future and ensuring you will have a happy and healthy retired life. By planning and preparing your Retirement Budget, you do not have to burden your children with your personal expenses. Having a retirement plan will reduce your worries and stress. This plan will also help you control your spending. Overspending in retirement can be the most dangerous thing a person can do in their entire life. It will lead to spending so much too soon which is a great sign of a miserable retired life. This article will talk about the Retirement Budget guidelines.

Age:

On this section of the Retirement Budget you will indicate your current age and the retirement age. This will help you in planning for the remaining years before your retirement so that you do not start spending your retirement savings before you retire. Also you can use the remaining time before your retirement and make more investments.

Retirement Income Sources:

Here the Retirement Budget will show the sources from where you will be earning income in the time of retirement, such as investments, rental income, company pension, social security income, annuity income and any other retirement plans that will be generating income at that time.

Housing Costs:

Retirement Budget should include the total housing costs like house rent or mortgage, insurance, real estate taxes, house maintenance and repairs.

Personal Expenses:

Here you will record your personal expenses like clothing, vacations, grooming, life insurance, holiday expenses and any other personal needs.

Daily Living Expenses:

This is the most important part of creating a Retirement Budget, focus more on your daily living expenses. These are the things that you will need on your day to day life such as entertainment, utilities, telephone, food, groceries and any other thing that you might need on daily basis.

Medical Expenses:

You should include medical expenses in your Retirement Budget, when one grows old there can be complications occurring with old age, so set aside a budget for your medications like medical insurance or prescription drugs, dental health, out of pocket payments, eye doctor or glasses and any other essential health expenses.

Transportation:

You will also need to plan for your transportation expenses after retirement, you will need to consider things like car payments, car maintenance costs, auto insurance, auto expenses, fuel costs, taxes, registration and other essential transportation costs that you might require in retirement.

Leisure and Hobbies:

Your Retirement Budget should include your essential leisure spending, hobbies and gifts. Being old does not mean you will not continue with your hobbies nor have leisure time; so you should have a plan for those as well.

Tax Considerations:

This will record the tax considerations like charitable tax, income taxes and other taxes.

Miscellaneous:

You should set aside a budget for your miscellaneous expenditure.

Total:

This shows the total of your Retirement Budget, the total amount of money that is worth your budget.

Summary:

This will show the summarized Retirement Budget that is the estimated incomes, the retirement income required and the shortfall.

Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From stationerytemplates.org ,

Here is download link for this Retirement Budget Template,

Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From officetemplates.org ,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From guidestone.org,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From getsmarteraboutmoney.ca,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From blackrock.com,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From transamerica.com,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From spreadsheet123.com,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From smartsheet.com,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From aarp.org,

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Sample Retirement Budget Templates   

Here is preview of Retirement Budget Template From accurium.com.au,

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