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Planning for the Looming Healthcare “Wild Card” in Retirement Finances
“Healthcare is one of the largest expense areas for retirees. The average couple will need to save about $285,000 in 2019 dollars for medical expenses in retirement, and that excludes long-term care.” This excerpt from a post by Nick Dmitrovich puts a frame of reference on a question lingering in the minds of many folks planning for retirement. And if you’re already in retirement, it also defines what’s potentially ahead of you as the years unwind. Dmitrovich’s post offers insights about healthcare, health insurance, and long-term care, as well as the general question of where to get retirement advice. You can access his post here…