Saving for Retirement Options
WROC Rochester First
CPA Garrett Wagner of the New York State Society of CPAs discussed saving for retirement and the mistakes to avoid Monday during News 8 at Sunrise. Wagner said people should keep in mind that expenses won't decrease during retirement. Although everyday purchases may change after retirement, health care in retirement can be costly. For most Americans, Social Security won't be enough to cover monthly expenses in retirement. Medicare is not free and does not cover all medical expenses, including long term care. "Save as early as possible," said Wagner.