Fidelity: Couple needs $225,000 to cover healthcare in retirement
AP/Boston Globe, March 5, 2008
A couple retiring in 2008 will need about $225,000 in savings to cover medical costs in retirement, according to a study released by Boston-based Fidelity Investments. The figure, calculated for a couple age 65, is up 4.7 percent from the $215,000 estimate for 2007. It is similar to other projections for healthcare costs in retirement, figures that show longer life spans also are requiring workers to increase retirement nest eggs dramatically.