Retirees may need $185K for healthcare, Fidelity estimates
Summary
Fidelity Investments estimates that retirees will need about $185,000 to cover healthcare costs in retirement. This amount is 7.5% higher than last year’s estimate.Key Facts
- Fidelity Investments provided the new healthcare cost estimate for retirees.
- The estimated amount needed is $185,000.
- This estimate increased by 7.5% compared to the previous year.
- The estimate covers healthcare expenses during retirement.
- Rising healthcare costs are a concern for people planning their retirement budgets.
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