Worried That Healthcare Costs Will Wreck Your Retirement? Here's What to Do.
Many people are wired to assume that their general spending will decline in retirement. And often, that is indeed what happens.
But there's one specific expense category that tends to increase in retirement rather than decrease, and it's healthcare. Aging tends to bring about different health issues, leaving many seniors to grapple with higher bills than ever at a time when their income has dropped. That has the makings of a very financially stressful situation.
In a recent survey by Empower, 44% of respondents said that healthcare costs were a major retirement concern of theirs. If you feel similarly, then there's one savings plan it pays to take advantage of.
Source Fool.com
