Even savvy savers can underestimate health care costs in retirement

Edgar Norton, professor at the College of Business at Illinois State University, notes that even smart savers can easily trip over health care costs. “The average 65-year-old couple will spend about $250,000 over their joint life expectancies on insurance premiums, deductibles, co-pays and other out-of-pocket expenses,” he says, adding that most people don’t expect such a burden. Fox Business/Bankrate (4/22)

Last Updated 10/20/2021

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