45% of Americans Say a Health Issue Upended Their Retirement. Do This to Avoid That Fate.
There are certain expenses in retirement everyone knows to plan for. You have to make sure you can pay for housing, transportation, food, and other basic necessities. You're probably also aware that you might do your fair share of medical spending once you retire, since health issues tend to arise with age.
But you may not realize how financially catastrophic a bigger health issue could be when you're retired and living on a fixed income. In a recent survey by Edward Jones, 45% of respondents said a health issue upended their retirements. If you want to avoid a similar situation, make sure to set aside funds for healthcare spending so you're not forced to scramble.
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Source Fool.com
