Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Ask anybody what they think will be their biggest expense come retirement time, and odds are, they’ll say healthcare. After all, as we age, we simply break down. It costs a lot more money to keep a 1980’s Chevy running on the road than a brand new one. The same logic applies to people. It takes a lot more money to keep us healthy as we age.

Now ask anybody exactly how much they think they’ll need to have in savings in order to cover those costs, and you’ll get a blank look. And if they do give you an estimate, chances are good that it will be 100% a guess.

The reality is, we simply just can’t predict the future. I could get cancer and need expensive treatments, while you could go through old age relatively unscathed. The unknowns make it hard to accurately plan ahead, but what we can do is prepare for the average amount.

And that’s a lot more than any of us expected.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 269886671
News

Alts Make Sense Now

Most portfolios are made up of stocks, bonds and cash. Real estate – through REITs – and...

Premium Ford%20car
News

Ford Moves up on Most Watched Stocks List Ahead of Special Payout

On January 29, Ford is paying out a regular payout of 15 cents per share plus a special payout of...

Premium Shutterstock 242137633
News

The Market Glance for January 22: Market Awaits Housing Sector Data

As the Q4 2017 earnings season gets in full gear, we will see some blue-chip healthcare companies...