3 Hidden Costs Retirees Often Forget -- and the Best Ways to Prepare
The Motley Fool
by newsfeedback@fool.com (Maurie Backman)February 19, 2026
AI-Generated Deep Dive Summary
Retirees often overlook certain expenses that can significantly impact their financial stability in retirement. While planning for obvious costs like food, utilities, and leisure is essential, failing to account for hidden costs can leave retirees unprepared. Three key expenses frequently ignored by retirees include healthcare costs beyond Medicare, home maintenance and long-term care expenses, and unexpected medical bills. These costs can quickly deplete savings if not properly planned for.
One of the most significant hidden costs in retirement is healthcare. Many retirees assume that Medicare will cover all their medical needs, but this isn’t the case. Out-of-pocket expenses, such as copays, prescriptions, and supplemental care, can add up rapidly. Retirees should consider purchasing a Medicare supplement plan or health insurance to bridge these gaps. Additionally, long-term care costs for conditions like Alzheimer’s or chronic illness are often not covered by Medicare, making it crucial to explore affordable long-term care insurance options.
Another critical area is home maintenance and unexpected repairs. As retirees age, the need for home modifications or medical equipment can arise suddenly, leading to unplanned expenses. Setting aside a contingency fund specifically for such emergencies is a wise move. This fund should also account for potential increases in property taxes, homeowner’s insurance, or even relocating if living arrangements become too costly or inaccessible.
Unexpected
Verticals
financeinvesting
Originally published on The Motley Fool on 2/19/2026