Fidelity Investments says that couples retiring today would need $225,000 to cover medical costs. That figure is up 4.7% from the $215,000 estimate for 2007 by Fidelity. A separate study by the Center for Retirement Research at Boston College estimates that couples would need $206,000 to cover medical costs. I guess it's safe to say that you'll need a little over $100k a piece to cover just your medical costs. To really put things into perspective, in 2002 Fidelity projected that a couple would need $160,000. Whoa. To read the complete article, click here.
Wednesday, March 5, 2008
Couple Needs $225,000 for Retirement Healthcare
Fidelity Investments says that couples retiring today would need $225,000 to cover medical costs. That figure is up 4.7% from the $215,000 estimate for 2007 by Fidelity. A separate study by the Center for Retirement Research at Boston College estimates that couples would need $206,000 to cover medical costs. I guess it's safe to say that you'll need a little over $100k a piece to cover just your medical costs. To really put things into perspective, in 2002 Fidelity projected that a couple would need $160,000. Whoa. To read the complete article, click here.
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