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‘I’m 59, work six days a week – people half my age couldn’t keep up’: Readers on the great retirement

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How to Plan for Medical Expenses in Retirement

Health care can be one of the biggest expenses a person faces in retirement. A 65-year-old couple who retired in 2021 can expect to spend $300,000 on health care and medical expenses throughout retirement, according to the annual Fidelity Investments Retiree Health Care Cost Estimate. Despite saving and preparing their entire working lives, many people aren’t mentally or financially prepared for the high cost of medical expenses in retirement.

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