Health Populi May 10, 2021
To pay for health care expenses, the average nest-egg required for a couple retiring in the U.S. in 2021 will be $300,000 according to the 20th annual Fidelity Investments Retiree Health Care Cost Estimate.
I’ve tracked this survey for over a decade here on Health Populi, and updated the annual chart shown here to reflect a $40,000 increase in retiree costs since 2016. While the rate of increase year-on-year since then has slowed, the $300,000 price-tag for retiree health care costs is a huge number few Americans have saved for.
That $300K splits up unequally for an opposite-gender couple (in the words of Fidelity) between $157,000 for women and $143,000 for men.
Fidelity’s 2021 survey found that affording health care...
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