Cover Your Biggest Retirement Expense With $300 Monthly in This ETF
Your biggest retirement expense isn't housing, food, transportation, or taxes. It's very likely going to be healthcare. Even if you're in good health today, you'll spend thousands each year on Medicare premiums plus copayments and coinsurance. Here's a look at how you can use an aggressive growth fund like iShares Core S&P U.S. Growth ETF (NASDAQ: IUSG) to start planning for that expense now.
Do some research on what retirees actually spend on healthcare, and you're likely to get a wide range of answers. One study from the Employee Benefit Research Institute estimates retired couples will need $270,000 cumulatively to cover their medical costs during retirement. Another report from HealthView Services pegs this lifetime cost for two retirees at $606,337. Still a different analysis from Fidelity estimates a single retiree will spend an average of $5,200 annually on healthcare.
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Source Fool.com