The rising cost of healthcare is not only a concern for retirees…The annual cost of health care for a typical American family – two parents and two children covered by an employer-sponsored preferred provider organization -- is $28,166 this year…
The Retiree Budget
According to the latest Bureau of Labor Statistics data, which is based on 2016 figures, “older households” — defined as those run by someone 65 and older — spend an average of $45,756 per year, or roughly $3,800 a month. That’s about $1,000 less than the monthly average spent by all U.S. households combined.…
Always Have a Back-up
Is Abroad Better?
As the cost of living - particularly in the areas of housing and healthcare - continues to rise for retirees here in the United States, many are contemplating the merits of retiring abroad. While there can be definite financial merits to doing so, cost alone should not be the deciding factor for transplanting to another country….