“In a perfect world, the largest expenses in retirement would be for fun things like travel and entertainment. In the real world, retiree health care costs can take an unconscionably big bite out of savings.”
Fidelity Investments recently found that a 65 year old couple, retiring now, will need $275,000, or 6% more than previously estimated, to over health care costs throughout retirement. Read all about what’s contributing to that increase, and how you can plan proactively, here.