Estimated Medical Expenses For Retirees Drops

According to estimates from Fidelity Investments, the amount needed to cover medical expenses after retirement has dropped from last year by 8%. Fidelity expects medical expenses for a couple retiring in 2013 at age 65 to be approximately $220,000, not including any nursing home costs or long-term care. The executive vice president of Fidelity, Brad Kimler said, “unlike other needs like housing or food, many drastically underestimate health-care costs and therefore don’t incorporate it into their overall retirement plan.” More here

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