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This Money article needs to be indexed under "stating the obvious" or under "examples of what financial writers come up with when faced with a deadline."
The hidden cost of retiring early: $51,000 in medical expenses - Jun. 12, 2014
The hidden cost of retiring early: $51,000 in medical expenses - Jun. 12, 2014
If a couple chooses to retire at the age of 62 instead of 65, they will face $51,000 in additional medical expenses, according to a report released Thursday by Fidelity Investments.
The major cause: Medicare coverage doesn't kick in until age 65. So without coverage from a former employer, which is an increasingly rare benefit, the couple would have to pay for private insurance.