Americans Are Sorely Underestimating This Key Retirement Expense

Many people go into retirement assuming that their living costs will magically drop. And that might happen, to some degree.

If you manage to pay off your home ahead of retirement, you may not have a mortgage to contend with by the time your stint in the workforce comes to an end. Similarly, if you're not commuting to a job, you may not need to own a car -- and even if you do keep one around, your transportation costs might easily shrink.

But if there's one expense that tends to rise during retirement, it's healthcare. And unfortunately, many Americans may be ill-prepared for that.

Source Fool.com