You Might Not Be Prepared for High Healthcare Costs
If you aren’t prepared to cover healthcare costs in retirement, you could be in for a shock. Fidelity Investments estimates that a 65-year-old couple retiring this year will need $275,000 to cover medical expenses in retirement. That doesn’t even include long-term care costs.
If you haven’t factored healthcare costs into your retirement savings and spending calculations, you might have trouble paying for medical care in retirement.