The Biggest Retirement Expense Isn’t Housing. It's Healthcare

Millions of Americans spend decades preparing for retirement, only to discover one of the biggest expenses isn’t housing, travel, or taxes. It’s healthcare.A new estimate from Fidelity suggests that a 65-year-old retiring today should expect to spend $185,500 on healthcare throughout retirement. That’s a 7.5% increase from last year and the steepest annual jump in more than a decade.Even more concerning, more than half of Americans approaching retirement don’t realize Medicare leaves them responsible for thousands of dollars in costs.Retirement Healthcare Costs Just Hit a New HighAccording to Fidelity’s 25th Annual Retiree Health Care Cost Estimate, a typical 65-year-old retiring...