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Planning for Unexpected Health Care Costs in Retirement (PDF)
T. Rowe Price Link to more items from this source
Oct. 21, 2019

11 pages. "[1] Even though the fear of a health care shock is pervasive, very few retirees experience a catastrophic one. [2] The likelihood of experiencing health care shocks increases with age, particularly after age 80. [3] Very few retirees saw a permanent increase in health care costs after having a large health care expense. [4] Because health care expenses tend to increase with age, [the authors] offer guidelines for how much a retiree might need for annual out-of-pocket expenses at different ages."

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