35% of Americans Worry About Covering Medical Costs in Retirement. Do This if You're One of Them
There are certain expenses that could shrink once you begin retirement. Your housing costs might drop, for example, if you make the decision to downsize, or if you manage to pay off your mortgage toward the end of your career.
Similarly, you might spend less on transportation once you stop working. In the absence of a daily commute, your gas and maintenance costs could shrink.
But if there's one expense that's more likely than not to increase during retirement, it's healthcare. Not only do medical issues tend to arise with age, but Medicare often falls short in providing enrollees with the comprehensive coverage they need. And to be clear, Medicare also isn't free, so even if it covers most of your health issues, you'll still be on the hook for premiums and deductibles.
Source Fool.com
