43% of Americans Worry About Doing This in Retirement
Retiring is a scary concept for one big reason: It's hard to predict your costs ahead of time. Sure, you can set up a retirement budget and make certain assumptions about your spending in the course of your planning, but ultimately, you may not be able to predict today what you'll spend 10 or 20 years from now. And if there's one retirement expense that can be really unpredictable, it's medical expenses. Not only has healthcare skyrocketed cost-wise in recent years, but the extent to which you'll need to spend on it will hinge on how well your health holds up.
It's not surprising, then, to learn that 43% of Americans worry about paying medical bills during retirement, according to the May 2020 Simplywise Retirement Confidence Index. If you're concerned about healthcare costs during your senior years, there's one handy savings tool it really pays to put some money into: a health savings account.
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Source Fool.com
