In the Wall Street Journal's money/personal finance/investment blog " The Wallet," Kelly Greene reports that health care costs in retirement are sky rocketing...and the going rate for health care costs are as high as $240,000!! She goes on to point out:
"A 65-year-old couple who retires this year will need about $240,000 to cover their medical expenses in retirement, according to Fidelity Investments research released this week. "Keep in mind that this eye-popping number is a lifetime estimate and assumes that the couple has no employer-provided retiree-health-care coverage, since many companies are phasing out that benefit. It also assumes life expectancies of 17 years for the husband and 20 years for the wife after retirement."
So what's a guy or gal to do? Experts Greene spoke with advised keeping yourself and your partner in tip top shape no matter your age. So whether it's that diet you've been thinking about, grabbing a walking partner, quitting smoking or heck, training for a marathon now is as good a time as ever to start thinking about your long-term health.