When contemplating retirement, one of the first things people consider is the fact that they will be living on a fairly fixed monthly income. With that in mind, most look to their fixed expenses to ensure that their retirement income will be sufficient to comfortably cover their ongoing monthly expenses (e.g. utilities, mortgage/rent, groceries, etc). One thing the vast majority of Americans fail to consider is their expected health care expenses that are almost surely bound to increase as they age. These are real costs that must be taken into account in determining whether you can afford to retire and continue the standard of living to which you are accustomed.
To learn more about specific healthcare costs associated with post-retirement aging, click here.