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Costs

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									This worksheet should be used to isolate and estimate current family living expenditures as a basis for reti
Several resources are available to help farm families compare their costs of living to non-farm families, an
in housing or other family living costs if the retirement dwelling isn't the farmstead. Put an asterisk next to
you expect to vary in retirement. A common failure of this exercise is the assumption that expenses will be
various phases of retirement.If travel is required to visit grandchildren, and that's an activity expected to in
then that would show up in fuel or other transportation. Likewise for additional vacations. The categories m
redundant, they were taken from multiple sources and an attempt was made to be comprehensive so that al
considered.
                                                               Before Retirement
                                                     Monthly Expenses Annual Expenses
Food
  Food at home                                                            $             -
  Food away from home                                                     $             -

Housing                                                                 $             -
 Owned dwellings                                                        $             -
 Property Taxes and Insurance                                           $             -
 Rented dwellings                                                       $             -
 Other lodging                                                          $             -
 Utilities, fuels, and public services                                  $             -
 Household operations and upkeep                                        $             -
 Housekeeping supplies                                                  $             -
 Household furnishings and equipment                                    $             -
                                                                        $             -
Transportation
 Car Payments                                                           $             -
 Fuel                                                                   $             -
 Repairs and maintenance                                                $             -
 Insurance                                                              $             -
 License and Registration                                               $             -
 Other transportation                                                   $             -

Medical                                                                 $             -
 Physicians Services                                                    $             -
 Dental Services                                                        $             -
 Medicines                                                              $             -
 Eyeglasses, hearing aids, and other equipment                          $             -
 Medical Insurance/Medicare Supplement                                  $             -

Recurring Expenses                                                      $             -
 Apparel and services                                                   $             -
 Entertainment and Recreation                                           $             -
 Telephone, internet, and other communications                          $             -
 Cable TV, videos, movies                                               $             -
 Personal care products and services                   $   -
 Pets: care, food, boarding, and license               $   -
 Hobbies                                               $   -
 Education                                             $   -
 Tobacco products and smoking supplies                 $   -
 Alcoholic beverages                                   $   -
 Debt payments (credit, gas, or store cards)           $   -

Investments
  Savings                                              $   -
  Stocks, Bonds, Real Estate                           $   -
  IRA contributions                                    $   -

Miscellaneous                                          $   -

Gifts and Contributions                                $   -

Personal insurance and pensions                        $   -
 Life and other personal insurance                     $   -

Income Taxes
 US Income Tax                                         $   -
 State Income Tax                                      $   -
 Social Security                                       $   -

Annual Expenditures                            $   -   $   -
xpenditures as a basis for retirement projections.
iving to non-farm families, and consider a change
mstead. Put an asterisk next to the categories that
 umption that expenses will be the same through
hat's an activity expected to increase in retirement,
nal vacations. The categories may seem
o be comprehensive so that all costs could be

                       In Retirement
            Monthly Expenses Annual Expenses

                                   $             -
                                   $             -

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        $   -
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        $   -
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        $   -
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$   -   $   -

								
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