How much money will you need to set aside to cover your out-of-pocket health care costs in retirement? Probably more than you think. According to a recent report by Fidelity Investments, 65-year-olds retiring in 2024 will pay, on average, about $165,000 for these expenses throughout their golden years. This figure is up 5% from 2023 and has more than doubled over the previous two decades. And you can expect costs to keep rising.
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