Retirement Gets More Costly, Health Expenses Spike Higher

Bloomberg's David Gura and Nikki Waller join Scarlet Fu and Tom Keene on "Bloomberg Money." People retiring this year can expect medical expenses to take a significantly bigger bite of their savings, according to a new report from Fidelity Investments. Average lifetime healthcare expenses for a 65-year-old retiring in 2026 are projected to rise 7.5%, following increases of 5% last year and 4% in 2024, Fidelity said.