Medical costs continue to loom large over retirement, a report from Fidelity Investments says.
A 65-year-old couple retiring this year without any employer-based health coverage would need an estimated $240,000 to cover medical costs through retirement, according to Fidelity’s latest estimate. That’s a 4 percent increase from last year’s figure. (The number has increased by 50 percent since 2002, when Fidelity first calculated the cost at $160,000.)
Very Serious though!