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A 65-year-old retiring today can expect to spend $157,500 in healthcare and medical expenses throughout retirement, according to the Fidelity Investment Retiree Health Care Cost Estimate for 2023.
LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management
Another option for early retirees is to obtain health insurance through a part-time job, also known as the ‘Barista FIRE’ strategy within the Financial Independence, Retire Early (FIRE ...
“Long-term care insurance is intended to cover services like nursing home care, assisted living and home health care,” said Jennifer Silver, DDS and owner of Macleod Trail Dental Clinic. “I ...
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Data from the Fidelity Retiree Health Care Cost Estimate revealed that in 2023, a single person age 65 would likely need to save about $157,000 after tax to pay for retirement healthcare expenses ...
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