Report cites housing as top expense in retirement

03/31/2013 | MarketWatch

Housing accounts for 35% of the average retiree's monthly expenses, making it the largest expense category, according to a report from the Social Security Administration. Experts suggest retirees downsize their homes and work to pay off mortgage debt before retiring. The report cited transportation as the second-highest budget category, followed by out-of-pocket health care.

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