You don’t need a lot of retirement planning advice. If you’re lucky, your retirement may require less money than you think, but that depends on a variety of factors including where you’ll live, your resources, responsibilities, everyday needs, and spending habits. You can’t cut down on certain expenses, but you can limit the amount of money you spend by keeping your expense ratio low. More money spent on uncovered hospital bills, as well as taxes and shopping, are reasons why retirees often spend more during their retirement. Some of the successful retirees say that they never underestimated healthcare. A chronic illness can increase the healthcare cost and that’s why healthcare coverage is necessary.