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Investing/Strategies / Retirement Investing
|Subject: Fidelity predicting lower health care costs||Date: 5/26/2013 2:20 PM|
|Author: intercst||Number: 72283 of 77549|
GENERIC DRUGS AND OBAMACARE CREDITED WITH THE DECLINE
A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, an amount that is eight percent less than a year ago, according to a Fidelity Investments report issued Wednesday. Fidelity has been forecasting the cost of healthcare in retirement since 2002, and has forecast lower lifetime costs only once before - an eight percent drop in 2011.
Experts are hesitant to call a long-term downward trend, but lower healthcare inflation is a boon to retirees, since healthcare costs are one of the largest single expenses they face in retirement.
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