Around the web: retiring couple needs $225,000 in savings to cover medical expenses
By Dave Tate, CPA, Esq. - As I was looking around the web, I came across this story, stating that a retiring couple needs about $225,000 in savings to cover medical expenses. See http://www.vimo.com/blogs/consumer/
Sounds a little high to me, but kind of a scary thought even if partially true. And, that amount would not come close to buying you a place in a retirement community, at least not in California.
Dave Tate, CPA, Esq.