"Unfortunately, there are some important issues that far too many people overlook. You don't want to miss a key financial need affecting your retirement security."
"According to Fidelity's 23rd annual Retiree Health Care Cost Estimate, a 65-year-old retiring in 2024 could expect to spend $165,000 on healthcare in retirement."
Preparing for retirement involves addressing critical issues often overlooked, particularly healthcare costs. The latest estimate from Fidelity indicates that a 65-year-old retiring in 2024 may need about $165,000 for healthcare, a significant increase from previous years. This figure includes out-of-pocket expenses not covered by Medicare, emphasizing the importance of a comprehensive plan for medical insurance and emergency spending. Calculating retirement needs must account for these healthcare costs to ensure financial security and avoid depleting savings prematurely.
Read at 24/7 Wall St.
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