Planning for retirement is critical, and health care costs may eat up a bigger portion of your savings than you expect. Few have counted the costs, thinking they’ll rely on Medicare. Two-thirds of Americans haven’t budgeted for health care in retirement, even though Medicare may only pay about half of their medical costs.* What’s more, health care costs are continuing to rise (see chart).
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*HealthView Services Financial, 2014.
The opinions expressed are those of our investment professionals, and are no guarantee of the future performance of any American Century Investments® portfolio. This information is not intended to serve as investment advice; it is for educational purposes only.