Paying For Healthcare
Why would reading How will you pay for health care when you retire? be worthwhile? I’ll let the article do the talking.
A 65-year-old couple retiring today will need, on average, $200,000 set aside to pay for medical costs in retirement, according to a recent study by Fidelity Investments. And this number doesn’t even include the cost of over-the-counter medicines, most dental procedures and, most importantly, long-term care (such as in-home health care or an extended stay in a nursing home).
Alright, I’m listening. The article tells us there are four basic ways to prepare. Stay healthy. Open up a Health Saving Account. Plan ahead for long-term care. And, save more. Want to know more? Read the article.
