Americans are underestimating their healthcare costs in retirement

According to a recent Fidelity survey reveals 37 percent of Americans think the average senior couple will spend $50,000 to $100,000 on medical care during their retirement years; however, Fidelity estimates that the typical retired couple will spend $295,000. Although it’s impossible to know the exact amount healthcare will wind up costing you during your retirement, it will help to save for it accordingly. Maurie Backman’s article for the Motley Fool suggests not to overlook this one important savings tool. Read Ms. Backman’s article here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org