Fidelity: Retired Couples Need $240,000 for Medical Expenses

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soma overnight delivery of ND @ Jul 04, 2009 05:45:11 AM

Souring health care costs?

The Fidelity pronouncements -- which have been doing for years -- are primarily for marketing purposes. There is no way that health costs are going to be that high for most retirees. The figure comes to about $12,000 per year, per retiree, if we are going to get to $240,000 in 20 years. If that is a couple, then it is still about $6,000 or $500 per month, on average, for that period of time. I just don't see how that is going to happen. Again, I think the pronouncement is mostly for marketing purposes, and I think the study is "funded" by Fidelity's marketing department.

George Fulmore of CA @ Apr 09, 2009 19:42:13 PM

HSAs can help with high health costs

You should think about enrolling in an HSA account if you are healthy because the account can grow and help with costs when something bad happens. Go here for more info:

http://www.ehow.com/how_4876461_enroll-health-savings-account-hsas.html

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