There are plenty of costs in retirement, but none are as expensive as paying for healthcare.
It’s the single biggest expense that retirees will face during their golden years. And thanks to a variety of factors, these expenses keep on rising to somewhat astronomical levels. That’s the gist behind asset manager Fidelity’s latest survey of retirement healthcare costs.
However, many investors are still painfully underestimating how much healthcare will cost them as they enter and live through retirement.
That’s a dangerous situation that can wreck even the most thought-out retirement plan. Given how big Fidelity’s numbers are, investors can’t afford to ignore the elephant in the room.
Dividend.com has a dedicated section that tracks all healthcare stocks where you can find the company count within each industry and get the latest dividend yield.