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Even healthy individuals need to save for healthcare costs in retirement
Why would healthy individuals likely to have higher medical costs in retirement than their less-healthy counterparts? Because they will likely to live longer than average, and healthcare costs tend to increase at the end of the life. A recent report shows actuarially projected total lifetime healthcare costs for an average health 65-year-old couple retiring in 2019 will be $387,644 in today’s dollars. Read more here…
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