Talking Retirement

$200,000 for Healthcare in Retirement?

I just read a troubling article on the increasing cost of healthcare for retirees. According to CNN, the cost of healthcare during retirement has gone up 5.3% from last year’s estimate.

An average couple retiring this year will need $200,000 to cover their healthcare costs for 20 years in retirement, not including the expense of long-term care should they need it.

I have to tell you, that figure scares me. Can you imaging large numbers our country’s elderly simply withering away at the steps of hospitals because they can’t afford to get in the door? I think our government will be forced to deal with this issue soon. Read the article.