News Headlines Article

Health care eats up big chunk of retiree savings
Boston Globe

When it comes to how much money we all need to retire comfortably, it gives us a headache. I just need to say that upfront before telling you about the latest news that is sure to scare you even more .

You probably already know that health care is likely to be among your largest expenses. But how much?

In its annual look at medical expenses for retirees, Fidelity Investments said a couple both 65 retiring in 2013 would probably need $220,000 to cover health care costs if the husband lives to 82 and the wife to 85, their average life expectancies.