Why This 1 Important Tool Needs to Be Part of Your Retirement Plan
When we think about retirement planning, the same universal advice tends to apply -- pad your IRA or 401(k), figure out your expenses, and adjust your investments to reflect the level of risk you're willing to take on as your senior years near. But there's one giant risk that many people don't account for in the course of their retirement planning: healthcare.
The average healthy 65-year-old couple today is expected to spend an almost astonishing $387,644 on healthcare throughout retirement, reports HealthView Services, a cost-projection software provider. And that's for a healthy couple. Seniors entering their golden years with medical problems or preexisting conditions could easily see their costs skyrocket beyond that point.
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Source Fool.com