You’re getting married – congratulations! This is an exciting time with lots of big changes ahead. Right now, you’re probably focused on flower arrangements, hiring a band, booking your honeymoon and registering for gifts. But while you’re planning the festivities, you should be doing a little financial planning too.
Over the course of retirement, healthcare expenses are anticipated to cost $280,000, on average, for a couple turning age 65 today.1 Yet, many retirees significantly underestimate their out-of-pocket healthcare costs, assuming that Medicare and private insurance will cover far more than it does.
For many workers, the idea of retiring early is a dream they've pursued throughout their careers. Being able to have more time to do the things you want is a goal that nearly everyone has.