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Kiplinger
Kiplinger
Business
Donna Fuscaldo

5 Unexpected Costs of Aging in Place — Even With No Mortgage

Senior couple sitting at home, using a laptop and taking notes while reviewing household finances, budgeting and online information together.

Aging in place is a popular choice for retirees for good reason. Home is where you raised a family, built a life, and rooted yourself in community. Plus, if your mortgage is paid off, you've eliminated one of retirement's biggest expenses.

However, housing costs go far beyond a mortgage and property taxes. If you aren't prepared, these five hidden costs of aging in place can easily throw your retirement budget off course.

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