Health care is one of their biggest expenses retirees face. And for a majority of them, concerns about what those costs can do to their retirement budget is their biggest fear. Fidelity Investments estimates a typical 65-year-old couple retiring today will pay about $240,000 for out-of-pocket health care costs over their lifetime, including Medicare premiums and Medigap supplemental insurance. But new research from HealthView Services, a health care cost consulting firm that works with financial advisers, shows it can be even higher and varies depending where you live. Just as in real estate, health care costs in retirement come down to one thing: Where you live.
(Story: Mary Beth Franklin. Source: HealthView Services)
23 May, 2013
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Source: http://www.investmentnews.com/gallery/20130510/FREE/510009999/PH
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