Health care has become a major expense in retirement. On this episode of Market Sense, we’ll walk you through what Medicare covers, estimate how much you may need to put aside for future healthcare costs according to Fidelity’s annual estimate, and how you can develop a plan that fits your needs.
00:00 Intro 01:27 Consumer spending 03:02 Watching Jackson Hole 04:58 How much could the Fed cut? 07:35 Average costs of health care in retirement 08:56 Why are health care costs so high? 10:36 Determining your potential health care costs 11:40 How to potentially use an HSA before and after retirement 13:20 Other ways to save for health care costs 14:10 Bridging the gap before Medicare 15:00 Medicare costs and benefits 18:01 What we are watching
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