Fidelity Investments’ $220,000 Healthcare Number, is it right
- Annuities, Fidelity, Fidelity Health Care, financial planning, Health Costs, Healthcare Costs, Life Insurance, Market watch, Means Testing, Medicare, MediGap, Part B, Part D, Plan F, Retirement, Social Security
It seems like every spring season there is a new healthcare amount announced by Fidelity Investments for people who are turning 65 during the year and this spring season is only slightly different from the last.
This difference lies in the total cost or the reduction of the overall cost of projected healthcare, which Market Watch, ABC, Kiplinger’s and even Nationwide is also heralding.
For those who are 65 years old today and entering into retirement today they are being told by Fidelity and the financial community to prepare for a total cost of $220,000 for their healthcare in retirement which, just happens to be a reduction from the previous year when Fidelity pegged the total cost at $240,000. (more…)Read more