How Much Money Will I Need to Retire Just for Health Care Costs?

long term care insurance trends

A 65-year old couple that intends to retire this year will need $240,000 for their medical expenses. An analysis released by Fidelity to answer the question “how much money will I need to retire just for health care costs?” has shown that a couple who is 65 years old and intends to begin retirement in 2012 will require approximately $240,000 to pay for the medical expenses they will incur over the rest of their lives, if they do not have employer-provided retiree coverage. This is an increase of 4 percent…

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