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For those investors saving for or entering retirement, there’s one big cost that is on everyone’s minds. And that’s healthcare spending. We’ve all read the reports about how healthcare expenses in retirement are exploding and that it’s going to be the largest cost we face in retirement. There’s only one problem.

Despite the warnings, we still aren’t estimating correctly or taking these predictions to heart.

According to a new study of retirement savers, we are significantly underestimating what we will spend annually during our golden years. That’s a huge problem that can wreck our carefully laid plans. For investors, the new survey is a wake-up call to save more and think about healthcare in a different light.

Be sure to check out our retirement section here to learn more about investing strategies.

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