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Hokie360

Joined: 08/26/2006 Posts: 17911
Likes: 7206

What's this?

I'm sure you've seen this. Fidelity updates the estimate every year.


From the link:
Health care: What's your price tag?
How much should you plan to pay in health care costs after you retire? According to the Fidelity Retiree Health Care Cost Estimate,2 an average retired couple age 65 in 2020 may need approximately $295,000 saved (after tax) to cover health care expenses in retirement. Of course, the amount you’ll need will depend on when and where you retire, how healthy you are, and how long you live. The amount you need will also depend on which accounts you use to pay for health care—e.g., 401(k), HSA, IRA, or taxable accounts; your tax rates in retirement (see chart below); and potentially even your gross income.

(In response to this post by vt90)

Link: Estimated cost for health care post-age 65? Try $295,000 per couple in assets ne


Posted: 08/06/2020 at 10:41AM


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Current Thread:
 
  Piggy-backing on Elberto's stock post ... I am now under 7 years until -- vt90 08/06/2020 09:58AM
  So if you aren't in equities now you might as well put it under your bed. ** -- UTPr0sim 08/06/2020 9:33PM
  Never get out of the stock market -- MrBayAreaHokie 08/06/2020 1:52PM
  Another way to look at it -- what level of return do you need in retirement -- Hoke 08/06/2020 12:37PM
  I'm three years into retirement and still at 70%, might go higher -- Hokerer 08/06/2020 11:54AM
  I have 99.9% in stocks but then I'm also 36. ** -- ElbertoHokie 08/06/2020 1:13PM
  I AM retired and have been 85% equities the whole time. Dividends replace -- 133743Hokie 08/06/2020 11:33AM
  Ditto; 55-60% but I am closer to retirement than you -- WestyHokie 08/06/2020 11:22AM
  Westy - you staying in Colorado or moving elsewhere? -- Wo xin Hokie 08/06/2020 11:47AM
  Elsewhere, for the same reason you cite -- WestyHokie 08/06/2020 1:10PM
  Yeah - I've heard the most likely "compromise" related to their -- Hokie360 08/06/2020 11:33AM
  Except ... -- vt90 08/06/2020 12:09PM
  Yeah - wasn't trying to start a debate about all the ways they could damage -- Hokie360 08/06/2020 12:51PM
  That would be good for me as well. ** -- vt90 08/06/2020 12:52PM
  That will crater our economy. ** -- EDGEMAN 08/06/2020 12:26PM
  Do you have a budget? -- `lag 08/06/2020 10:20AM
  How u paying for healthcare in retirement? ** -- FfxStationHokie 08/06/2020 10:19AM
  I am in similar situation, hoping to be a bit closer to retirement -- Wo xin Hokie 08/06/2020 10:19AM
  A couple of things. Just for reference, Vanguards 2020 fund, (for someone -- Hokie360 08/06/2020 10:09AM
  Posted same without reading this first - agree with your points on time -- Wo xin Hokie 08/06/2020 10:20AM
  Good points ... I also looked at how the 529 fund for my daughter's college -- vt90 08/06/2020 10:18AM
  That’s good advice. ** -- RoswellGAHokie 08/06/2020 10:14AM
  I would hold on equities, but that's just me. -- EDGEMAN 08/06/2020 10:07AM
  I could make a case 70% equities is still a bit low -- Tafkam Hokie 08/06/2020 10:06AM
  On average market doubles every 7 years -- HokieForever 08/06/2020 10:03AM

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