This 1 Expense Costs the Average Retiree $185,500. How to Make Sure You're Prepared.
Failing to plan for this could derail your retirement budget in a hurry.
Overview
It's no secret that retirement costs a lot of money. Even if you're fairly healthy, your home is paid off, and you aren't planning to travel the world, being alive isn't cheap. You'll still have to pay for groceries, utilities, insurance, clothing, and transportation, among other things.
It adds up quickly. Many seniors need $1 million or more to retire comfortably, and they can expect to spend around $185,500 of that on healthcare, according to a recent Fidelity study. Healthcare isn't usually a cost you can avoid, so take these steps to prepare for these bills and keep them from derailing your budget.
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Details
Source
Originally published at www.fool.com.
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