HOAs

Financial analysts at 24/7 Wall St. are warning that homeowners association fees are the one retirement expense that reliably climbs over time, and they break down what two decades of steady increases do to a fixed retirement budget. The takeaway: retirees planning condo or planned-community living should factor annual fee hikes into long-term budgeting, since HOA dues rarely fall and can compound into a major cost over 20 years.