Suze Orman issues warning on common retiree expense
Older Americans need to know what they’re getting into.
It’s common for spending to shrink in retirement as seniors pare down their lifestyles and shed some of the costs associated with holding down a job. But there’s one expense that has a sneaky tendency to increase in retirement – healthcare.
Fidelity puts the average cost of healthcare in retirement at $165,000 for the typical 65-year-old. But that number can fluctuate based on a host of factors, including health status, life expectancy, and Medicare expenses and plan choices.
