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Fidelity Releases 2024 Retiree Health Care Cost Estimate, Fidelity. Accessed August 8, 2024. Inflation Reduction Act and Medicare, Centers for Medicare and Medicaid Services. Accessed August 8, 2024.
Fidelity’s 2023 Retiree Health Care Cost Estimate found that people who retire at 65 can expect to spend $157,500, on average, for health care and medical expenses throughout their retirement ...
Data from the Fidelity Retiree Health Care Cost Estimate revealed that in 2023, a single person age 65 would likely need to save about $157,000 after tax to pay for retirement healthcare expenses ...
The private sector was first to cut back on retiree health care benefits, but the public sector has also made major reductions. Around 49% of state government employers offered health care to ...
Healthcare is one of the most significant expenses you'll have in retirement. It's also one of the most challenging costs to predict and plan for. Retirement Savings: I Lost $400K in a Roth ...
Despite their decreasing popularity in the private sector, many state and municipal employees still receive "Other postemployment benefits." According to The Pew Charitable Trust, all states except for Idaho currently offer newly hired public workers access to certain retiree health care coverage as part of their benefits package. [5]