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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

Mar 9, 2023

Whenever we first start talking to someone about what they’re going to need for retirement, we usually hear some of the same answers. They’ll name some of the basics like mortgage and utilities and then run through the fun stuff like travel and hobbies. But too often, there are five expenses that people typically miss when planning for their retirement, and that’s what we’re going to talk about today.


Here’s more of what you’ll learn on this episode: 

  • Healthcare expenses in retirement could top $350,000  (2:25)
  • Using the analogy of a housing project to show how estimates can be incomplete. (5:54)
  • The first expense people typically overlook is medical expenses. (12:10)
  • The types of unexpected travel expenses you need to plan for.  (17:08)
  • We think about parents needing assistance, but your children might as well. (18:53)
  • You home will need maintenance, repair and replacement. (21:55)
  • One of the most crucial items people miss when determining how much they need. (23:52)


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Phone: 847-235-6989