When it comes to making retirement plans, chances are good you're dreaming of all the fun things you can do once you no longer have to go to work. But while you may be making a hefty travel budget or plotting all the spending you'll do to spoil the grandkids, chances are good there are some important expenses you're overlooking.
Sadly, these costs can derail your carefully laid plans if you aren't prepared for them. To ensure that doesn't happen to you, it's essential you factor in these three big expenses you're likely to incur as a retiree when you're setting retirement savings goals.