Boston Globe: Retiring couples face $220k in health care costs, study says

By Jack Newsham

he average couple retiring this year can expect to pay $220,000 in health care costs during the course of their retirements, according to a new estimate from Fidelity Investments.

Among people older than 55 who have not retired, only a small minority was able to correctly estimate health care expenses, Fidelity’s survey found. Just 10 percent of respondents said they expected to spend more than $200,000 on health care for themselves and their spouses during retirement. Nearly 60 percent said they expected to spend less than $50,000.

Continue reading here: http://www.bostonglobe.com/business/2014/06/12/retiring-couples-face-health-care-costs-says-study/Ass4It8FRpelmv0tI9nDfI/story.html

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