The Cost of Health Care in Retirement

19 Feb

Many folks assume once they hit 65 years old, health care will be free. Or at least cheap.

Does $220,000 sound free or cheap to you? This is the figure that Fidelity’s research estimates a 65-year old couple will need to cover out-of-pocket health care costs!

This can vary wildly.  The above figure is an estimate for when a husband dies at 82 and the wife at 85.  What if you live longer?

This is why people need a plan in retirement. A plan for income, investments and health care, including long term care insurance.

If you or someone you know is interested in talking more about this, please give us a call!

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