Only 38% of Americans Are Saving for This Major Retirement Expense
Many seniors find that certain expenses go down once they retire. Transportation, for example, can be less costly in the absence of having to commute for a job. But if there's one expense that tends to go up in retirement, it's healthcare, and unfortunately, most Americans aren't preparing for it.
Though close to 72% of Americans are funding a retirement plan to prepare for their senior years, only about 38% are setting funds aside specifically for healthcare purposes, according to a recent survey by Medical Alert Buyers Guide. Given that the average retiree spends $4,300 per year on healthcare, that's a mistake worth correcting.
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Source Fool.com
