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Medical Costs In Retirement

As American employers continue to assess and reduce their retiree health care benefits, Fidelity estimates that a 65-year old couple retiring today will need $200,000 to cover medical costs in retirement.

The retiree health care cost estimate is calculated annually by Fidelity Investments. The 2006 estimate rose 5.3 percent from the 2005 estimate of $190,000. Since Fidelity's initial estimate of $160,000 in 2002, the number has increased an average 5.8 percent per year.

YahooFinance provides us the information.

Posted on Tuesday, March 7 by Registered CommenterWise Owl in | Comments Off