Budgeting For Healthcare Costs In Retirement

Healthcare is a significant line item in a retiree's budget.

A 65-year-old couple who lives until 92 can expect to spend nearly $400,000 in out-of-pocket medical costs, assuming a 6% annual health care inflation rate, according to Fidelity Investments. What's worse, this number does not include long-term-care expenses.   [...] But there are strategies to reduce, and pay for, your medical costs if you're prepared.

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