You might think you've stashed away enough money for retirement, but planning for the costs of your post-work years is no simple task. Many workers find themselves confronting hidden costs after they leave the workforce. The worst part? Those hidden costs have a habit of rising over the years. Elle Kaplan, founding partner and chief executive officer of LexION Capital Management in New York City, says that pre-retirees have a bad habit of underestimating how much they'll spend once they leave the workforce.
"Remember, you will have a lot more free time," Kaplan says. "You have all day to sit and watch QVC and the Home Shopping Network. You have more time to go out to dinner. You might spend more than you think." Still, it's possible to keep your expenses under control by learning about these hidden costs in advance and planning for them. Here are some common expenses that often get overlooked during the retirement-planning process.