Retirement Gets More Costly, Health Expenses Spike Higher
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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.
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