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.
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.
Collection
[
|
...
]