Keep Healthcare, Long-Term Care From Derailing Your Plan
Christine Benz explores how to prepare for the costs of health and medical expenses in retirement.
Note: This video is part of Morningstar's 7 Days to Retirement Readiness week special report.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Fidelity estimates that the average 65-year-old couple will need $280,000 to cover health and medical expenses during retirement. But that's an average; many retirees will spend much less than that, and many will spend much more. High healthcare costs have the potential to derail your retirement plan, so it's important to keep close tabs on them.