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Don't Fear Healthcare Costs in Retirement

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No doubt you've read about how much you'll need to pay for health care in retirement. One study, for instance, says a 65-year old couple would need $285,000 set aside to pay for healthcare in retirement.

Are you frightened by that number? Well, fear not. In a recent article in Retirement Daily, adviser Ken Waltzer shared his tips to lessen the fear that comes with thinking about healthcare cost in retirement.

Tip one: Make sure you have the right insurance. Medicare covers the basics, but make sure you purchase Part B as soon as you are eligible at age 65 to avoid the 10% late enrollment penalty for every year you delay.

Watch the video above to learn about other tips.

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