Planning for retirement takes careful preparation and a decent idea of what your budget will be once you stop working. This can be a pretty scary process with so many unknown variables. How much will groceries, travel, and utilities cost in 15-20 years? How long will you live, exactly? What if you get hurt or need help with everyday activities like getting dressed or paying the bills?
Arguably the biggest variable when we talk about retirement is the cost of healthcare. It’s no secret that the cost of coverage and prescription drugs is increasing at an uncomfortable pace. This post will cover the current research on what healthcare will cost in retirement, as well as the best way to put money aside for it now.