Planning for Retirement Success
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Fidelity Investments news.
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retirement budgetMoneywise
•Business
Business & Economics
3 retirement risks that older Americans often forget to budget for. How to protect your nest egg
72% Informative
Fidelity Investments expects the typical 65-year-old to spend $ 165,000 on healthcare during retirement.
Medicare doesn't cover dental care, eye exams, prescription glasses and hearing aids.
The cost of long-term care in the U.S. can be astronomical.
Inflation is a hidden cost that can upend retirement budget.
It could also be a good idea to delay your Social Security claim past your full retirement age, which is 67 for anyone born in 1960 or later.
For each year you do, until age 70 , your benefits rise 8% .
Having a larger monthly benefit gives you more leeway to tackle not only inflation, but also surprise medical and health-related expenses.
VR Score
63
Informative language
55
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46
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informal
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English
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37
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Attention-grabbing headline
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13
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