You’ve heard this before, I know, and yet it remains as disturbing as ever. Health care costs, along with housing, are likely to be your biggest expenses in retirement. Boston-based Fidelity Investments found that premiums, deductibles and other out-of-pocket expenses could cost a 65-year-old couple retiring today a jaw-dropping $220,000 – and that’s in addition to Medicare premiums.
You need some expensive medical care yet don't have the insurance or money to pay for it. Should you use a medical credit card that's pitched at some doctors' offices?
Are you and your spouse thinking about retiring early? Doing so can cost you, as a couple, an extra $17,000 a year in medical costs, according to a Fidelity Investments analysis.
Cheering their new grads at college commencements this month, parents will likely give another hurrah: No more tuition! But there's another cost that might well linger on for parents of high school and college grads: the cellphone bill.
Whether you're nearing the end of your working life or still several decades away, Americans all share the same financial fear: Will I have enough money to retire?
This could very well be the year when the Grinch steals Christmas, at least in terms of the gift-giving intentions of some adults. According to a new poll from the personal finance website GoBankingRates.com, 40 percent of some 1,500 survey respondents say they won't be buying any holiday gifts this year. Blame the economy and the shaky finances of many Americans.
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