By David Kopyc
The average 65-year-old couple will spend $285,000 on medical expenses in their retirement and this figure does not include any long-term care expenses.
Healthcare continues to be one of the greatest expenses and concerns for retirees and individuals considering retirement in the near future.
Unlike your parents’ generation, most of you will not have any employer or union-sponsored health benefits. Therefore, healthcare costs will likely consume a larger portion of your budget in retirement and you will need to plan for this well in advance of your date of separation.