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Prepare For Medical Expenses In Retirement

MoneyTips

How much cash do you think that you require to retire? There are many assumptions associated with answering that concern, however one assumption is the greatest of all: just how much cash will you need for your health care costs? Fidelity tasks that a 65-year old couple who retired in 2016 must expect a typical cost of $260,000 over twenty years, which leaves out any assisted living home costs.

Too often, seniors are worried about medical expenditures draining their funds and forcing them to end up being a burden to their households. Sadly, too many elders have not talked about the concern with their families– or anyone– in order to formulate a plan.

According to a recent survey released by Nationwide Mutual Insurance Company, 56% of affluent respondents selecte …

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