When people plan for retirement, they take several expenses into account to determine how much money they’ll need each month. According to a Fidelity survey, senior healthcare costs are greatly underestimated, which can have a huge impact on seniors’ bank accounts.
Based on the survey results, 37% of Americans estimate that senior couples will spend $50,000 to $100,000 on healthcare. In reality, however, Fidelity estimates that most couples in retirement spend closer to $295,000. As you can see, that’s a pretty substantial gap. It’s another reason you deserve every single dollar you’re entitled to.
The SAVE Benefits Act Will Put Money Back in Seniors’ Pockets
We’re working hard at Council of Seniors to get Congress to pass The SAVE Benefits Act. This legislation will put an extra $581 in retirees’ pockets. Seniors deserve that $581 as part of the Cost of Living Adjustment (COLA) greedy politicians have withheld.
This money is rightfully seniors. We need your help as we work to make sure The SAVE Benefits Act is passed. Please take a minute out of your day and support this crucial initiative by signing our petition. If you could spread the word and pass it on to friends and family to sign as well, we’d greatly appreciate it.
Are your healthcare costs in retirement higher than you imagined? Let us know in the comments.
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