Prepare for the unexpected costs of retirement

Most seniors plan diligently for retirement. They have everything decided well ahead of time, from which retirement community they will live in to whether they will head back to the classroom. However, as the saying goes, the best laid plans often go awry, and senior living typically includes a number of unexpected expenses, according to U.S. News and World Report.

One of the most common costs associated with retirement is long term care. Even if it's just for short term rehabilitation, many seniors can unexpectedly require assistance for some period of time. In fact, experts estimate that approximately two-thirds of adults 65 and older will require long term care at some point. Depending on how long one needs such services, long term care can cost upwards of $90,000 a year.

Not all unexpected expenses are quite as dire as long term care. According to the news source, travel and relocation costs can also come into play. For instance, retirees may find themselves making more trips than they anticipated, whether it's to see friends and family or just because they realize they wanted to take more vacations than they originally thought.

It's hard to anticipate what will happen in the political sphere, and the same rings true for what implications congressional acts could have on retirement expenses. There are often changes to taxes that could have an impact on residents in retirement communities. Experts from U.S. News recommend avoiding putting retirement savings in both pre-tax and post-tax accounts

Though it is certainly difficult to prepare for the unexpected, there are a few steps seniors can take to reduce the impact such expenses can have, USA Today reports. Perhaps most importantly, long-term care or disability insurance are particularly helpful in the event of an unexpected medical condition.