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Healthcare costs: Your biggest retirement expense
The cost of healthcare in retirement has continued to grow, now predicted at about $260,000 for the typical retired couple. That’s certainly not something to forget about when planning for your golden years, Medicare doesn’t cover everything, and the cost of supplemental healthcare and prescription drug coverage continues to rise, resulting in growing levels of out-of-pocket expenses. That’s why enrolling in a Health Savings Account while you are still working is so important, as it can offset much of your health care expense even after you retire. This CNBC article by Mark Hendricks discusses why health care should be an even bigger part of your retirement planning. Click here to read more.
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