A healthy 65-year-old couple retiring projected to spend on healthcare

It is estimated that a healthy 65-year-old couple retiring in 2020 is projected to spend approximately $351,000 in today’s dollars on healthcare over their lifetime according to the new Milliman report.  Milliman is an international actuarial and consulting firm, which produces estimates of retiree health costs that are updated each year, to educate employees, and retirees about the potential cost of retiree health. Although, this cost projection have gone down from last year, it should be a reality check for 401K participants who might want to think about bumping up their deferral rate or maxing out a health savings account (HSA). Read article here…

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