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When people picture retirement expenses, travel often comes to mind — but for most retirees, healthcare is the single largest cost.
A 65-year-old couple retiring in 2019 could expect to spend around $285,000 on medical expenses throughout retirement, and some estimates push that figure closer to $390,000. That doesn’t include long-term care. For those considering early retirement, health insurance can be one of the biggest financial challenges once employer coverage ends.
Understanding Medicare, supplemental coverage, and out-of-pocket expenses is essential to building a realistic retirement plan.
00:09 Healthcare identified as biggest retirement expense
00:27 Fidelity study reveals $285,000-$390,000 healthcare costs
00:52 Early retirement healthcare insurance challenges
01:21 Medicare misconceptions among adults over 50
01:44 Dental care coverage gaps in Medicare
02:05 Call to action for retirement planning assistance
#Retirement #RetireEarly #HealthcareCosts #RetirementPlanning #FinancialPlanning #WealthManagement