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Your biggest retirement expense? Most likely healthcare
According to Fidelity Benefits Consulting, the average couple retiring today will face about $275,000 in out-of-pocket healthcare costs during their retirement. Of course there are a lot of variables that will determine what your actual healthcare costs will be, but you can be pretty sure that it will be taking a big chunk out of your retirement income, even if you have Medicare coverage. This is where a Health Savings Account (HSA) can be a big relief on your finances. This FOX40 (CA) article by CNN Wire elaborates. Click here to read more.