The Cost of a Lifetime of Medical Care Can Be Expensive
While CCRCs (Continuing Care Retirement Communities also known as LifePlan communities) may seem expensive they also give you an opportunity to pre-pay for some life care you may need later in life.
Fidelity estimates an average 65-year-old couple retiring this year will need to have saved $280,000-$320,000 after taxes to pay for future medical costs. (Source: Fidelity Viewpoints: 5 Ways HSAs can Fortify Your Retirement, 11/15/2018)
Those are some big numbers and go to show how planning for future health care is important for all.
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