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Estimating Retirement Medical Expenses

Last update on: Dec 27 2018

Most retirees seem to intuitively understand that medical expenses are likely to rise significantly as they age. That is why many, even the very wealthy, spend at a lower rate than simple financial projections indicate they could. They don’t want to take the risk of having their savings depleted by late-in-life medical care or long-term care or have to substantially decrease other spending to pay for medical care.

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