Health Care Costs For Retired Couple

Fidelity Benefits Consulting published a recent article stating that, based on their estimate, a 65 year-old couple retiring this year will need an average of $220,000 to cover medical expenses throughout retirement. That figure is down from their 2010 figure which was $250,000.  As stated, health care continues to be one of America's largest expenses in retirement.  Fidelity suggests to consider opening a health savings account (HSAs) which allow individuals to pay for qualified medical expenses on a federal tax-free basis.  Read the entire article here.