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Tag Archive: how in account for healthcare costs in retirement planning

Healthcare Costs for Retirees Rise Again

Healthcare Costs for Retirees Rise Again

According to a report released by Fidelity Investments released last week, a 65 year old couple retiring in 2012 will spend at least $240,000 in healthcare costs during their retirement (this is on top of their Medicare benefits). Compared to the forecast given last year of $230,000, this update represents a 4% increase. Further, this expenditure forecast does not even include long-term care, over-the-counter medications, nor most dental care expenditures. Given this significant and growing amount, it is very important to ensure that your retirement...

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