Preparing for Health Care in Retirement

Women live longer than men and face distinctly different challenges in funding their healthcare needs in retirement. According to a 2016 study by HealthView Services, a 65-year-old man who retires this year will spend an average of $200,000 on health care in retirement, while a woman will spend $235,0001 — $35,000 more than their male counterparts. With these expenses in mind, it’s not surprising that the cost of health care is one of the biggest retirement planning concerns for Americans.