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Budgeting for Medical Needs in Retirement

A 65-year-old couple retiring in 2011 would need $230,000 to cover medical expenses during retirement, estimated Fidelity. A couple retiring younger would need more, as would those with costly chronic conditions. This does not include any type of long-term care, including nursing homes. Are you prepared?

It’s easy to overlook or underestimate your medical needs when planning for retirement… [928 word article, January 2012]

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