Also in this playlist...
This transcript is automatically generated
We gonna move mama are gonna continue with the topic of health care and get ready to reach deeper into your pockets -- -- thinking about retiring.
But -- investments releasing a new study that says -- retired couples this year will need an average.
Dollars just a cover.
Medical expenses to -- their golden years one of I think that would Gerri Willis who's got those numbers and -- -- -- here they are staggering and if you're saving for retirement you've got to think twice about how much are putting away right now fidelity says yeah you need.
K for health care.
Let's break it down let's say you've got a widow she's at retirement how much money -- -- look here's what the study says shall we got 125000.
Dollars at 6000 dollars a year for the rest of her life.
And 500 bucks a month.
Now keep in mind here this is money that would go to Medicare premiums it would -- tunnel vision out of pocket costs which there's a ton of on Medicare.
And just TV some perspective.
On what people are paying right now because fidelity actually did interview folks and talk to them about this topic.
They -- it right now folks are paying about 535.
Bucks a month as couples.
And they have a household budget right now here in retirement at 2800 a little over 2800 dollars so the major point here Fidelity's trying to make and I know sometimes are numbers are a little controversy is that you really need to put away extreme to go for retirement just for health care.
And sure I -- mentioned here this is so interesting when you think about what's going on with Health Care Reform right now because the major messages that the people who -- really getting help.
Are people who don't have health insurance right now and money's being taken away from senior Medicare payments.
To make up for that so the government when it talks about money that's needed for seniors in retirement for health care.
I don't see any problem with fidelity says yeah there's a big need out there people really need to put money --
Filter by section