By RetireMEDiQ

Do you know how much you should have saved for health care in retirement? If you’re not sure, you are not alone. Many people have no idea what they will spend on medical expenses in retirement. It is important to do the math ahead of time, because most people are financially unprepared. The majority of Americans have insufficient retirement savings…

By RetireMEDiQ

You already know that health care is one of your largest expenses during retirement. But did you know that prescription costs are one of the biggest line items on most retirees’ health care budget?   Prescriptions tend to eat up your retirement budget for a couple different reasons:   You will likely spend more on health care as you age.