Knowledge is power, and that’s why we created ‘Money News You Can Use’. I pick the five best articles I read each month and post them here so you can stay informed of the latest financial news and arm yourself with knowledge when preparing for retirement. I know most people don’t have time to sift through hundreds of articles to find the most relevant and helpful ones, which is why I do it for you!
This month, we will focus on healthcare costs in retirement. A 65-year-old couple retiring today can expect to spend an average of $295,000 on healthcare expenses, and this does not even include long-term care costs. Today’s retirees need to understand what Medicare does and doesn’t cover, how expensive long-term care could be, and what they can do to plan for potentially high healthcare costs in retirement.
– Happy Reading