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…

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