Results 1 to 9 of 9

Thread: Retirees Need $130,000 Just to Cover Health Care, Study Finds

  1. #1

    Default Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Today's 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, from premiums to co-payments to eyeglasses, according to new estimates.

    The average single 65-year-old woman can expect to need $135,000 to spend on health care in retirement, while a man will spend $125,000, according to estimates from Fidelity Investments. (The difference is because the woman is expected to live longer—an additional 22 years, vs. 20 years more for the man.)
    Retirees Need $130,000 Just to Cover Health Care, Study Finds - Bloomberg
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


  2.  
  3. #2

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,519

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    That ObamaCare has really brought down the out of pocket costs, what would we do without it?



  4.  
  5. #3

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,274

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Quote Originally Posted by tsptalk View Post
    Retirees Need $130,000 Just to Cover Health Care, Study Finds
    Retirees Need $130,000 Just to Cover Health Care, Study Finds - Bloomberg
    So how come it costs $10K more for women, who generally get paid less?

  6.  
  7. #4

    Join Date
    Feb 2011
    Location
    Southeastern VA
    Posts
    236

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Quote Originally Posted by evilanne View Post
    So how come it costs $10K more for women, who generally get paid less?
    Because, as it says in the article, women live longer.
    "The difference is because the woman is expected to live longer—an additional 22 years, vs. 20 years more for the man"

  8.  
  9. #5

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Quote Originally Posted by evilanne View Post
    So how come it costs $10K more for women, who generally get paid less?
    that is because of the added mental health visits and psychological counseling sessions it takes on average to maintain a healthy female, although individual costs may vary considerably and sometimes range much higher.
    100g

  10.  
  11. #6

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,274

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Quote Originally Posted by burrocrat View Post
    that is because of the added mental health visits and psychological counseling sessions it takes on average to maintain a healthy female, although individual costs may vary considerably and sometimes range much higher.
    Probably a lot higher if they have to deal a husband.
    I would think that those cost would decrease significantly once he starts pushing up daisies.

  12.  
  13. #7

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    That doesn't seem to be that bad. Average $6k a year. I was expecting a lot worse
    Check out the TSP Poker Club stats: https://goo.gl/cUv6Yj
    Come join the fun: http://www.tsptalk.com/mb/the-lounge...oker-club.html

  14.  
  15. #8

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,823

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    BirchTree must be doing alright cause he makes that much in a week

  16.  
  17. #9

    Default Re: Retirees Need $130,000 Just to Cover Health Care, Study Finds

    Heh! Wives don't get stress they give it!


  18.  

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
Retirees Need 0,000 Just to Cover Health Care, Study Finds
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Retirees Need 0,000 Just to Cover Health Care, Study Finds
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Retirees Need 0,000 Just to Cover Health Care, Study Finds
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Retirees Need 0,000 Just to Cover Health Care, Study Finds
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes