Retirement Healthcare Costs

Healthcare is something that boomers and seniors generally need more that younger people, as we all realize when we approach or reach retirement age. What we may not accept, or wish to admit, is the amount on financial resources that may be required. Next Avenue has an article to help "calculate and save on future healthcare needs".
Much is made about what health care might cost in retirement. Indeed, studies suggest that a 65-year-old couple retiring today would need on average anywhere from $220,000 to $360,000 of their nest egg earmarked just for healthcare costs in retirement.
But the truth of the matter, as Medicare’s annual enrollment period gets underway, is that those costs might be even higher given a number of factors that could come into play in your household. What are they and what might you do to either avoid or trim higher-than-expected health care costs in retirement?
Next Avenue

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