Do you have an extra quarter-million saved for health care expenses in retirement?
Do you have an extra quarter-million saved for health care expenses in retirement? Tuesday April 6, 2010 A recent study by Fidelity Investments revealed that a typical couple could expect to spend $250,000 during their retirement on medical expenses alone. Yet some people will spend far more, since many people aren’t “typical.” Whether due to poorer health, greater longevity, or both, some couples will endure medical expenses of a far higher amount. Not surprisingly, the Fidelity study also demonstrated that health care expenses were the number one financial concern of the retirees surveyed, a source of worry greater than that for food, utilities or housing. Unfortunately, a quarter of a million dollars is much more than most retirees have saved in total – let alone just for medical expenses. It’s also far more than the amount many can still possibly save, based on the amount they have saved to
Do you have an extra quarter-million saved for health care expenses in retirement? Tuesday April 6, 2010#spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3) A recent study by Fidelity Investments revealed that a typical couple could expect to spend $250,000 during their retirement on medical expenses alone. Yet some people will spend far more, since many people aren’t “typical.” Whether due to poorer health, greater longevity, or both, some couples will endure medical expenses of a far higher amount. Not surprisingly, the Fidelity study also demonstrated that health care expenses were the number one financial concern of the retirees surveyed, a source of worry greater than that for food, utilities or housing. Unfortunately, a quarter of a million dollars is much more than most retirees have saved in total – let alone just for medical expenses. It’s also far more than the amount many can st
