Thomson ReutersMay 15, 2013 20:31
By Mark Miller
CHICAGO (Reuters) - Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit.
A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, an amount that is eight percent less than a year ago, according to a Fidelity Investments report issued Wednesday. Fidelity has been forecasting the cost of healthcare in retirement since 2002, and has forecast lower lifetime costs only once before - an eight percent drop in 2011.