Corporateburnout
Thinks s/he gets paid by the post
- Joined
- Sep 30, 2006
- Messages
- 1,743
FIRE'd nine years with the past three on Medicare Parts A, B and D plus a supplement, I find the Fidelity estimate reasonable. If it's high for you, so be it. I'm sure there are many people that are far above and far below their average number.
I'd worry more about an estimate that seemed too low. Getting caught in retirement needing much more for health care costs than planned could be a pita!
What's your estimate? And if your estimate is significantly lower than Fidelity's, how are you doing it?
+1
I'm not sure why people think that FIDO's estimate is high. If a couple have Medicare A, B and D plus a supplement their premiums may be around $600 per months which is $7200 per year. Any co-pays or dental work can easily bring spending to 10K. That's 300K for a 30 year retirement.
We're not on medicare but our insurance premiums through the ACA exchange are similar to medicare and we will spend 14K in healthcare this year due to extensive dental work.
Like you I don't want to underestimate our healthcare cost in retirement and that's why we budgeted 12K/year.
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