$400,000. This is the amount the typical 65-year-old couple will need to save in order to pay for out-of-pocket medical and long-term care costs in old age, according to new estimates from Fidelity Benefits Consulting. As per today’s article, that amount is “$60,000 more than the typical couple’s entire savings at retirement, including equity in their home.” To read more about what the author describes as “a grim picture” – including the percentage of all 65-year-olds that will require at least some long-term supports and services before they die and what this all means for the typical couple, CLICK HERE.
