Josh Scandlen Podcast

It's time to dispel a myth that plagues retirement planning: Health Care will NOT be your biggest expense.   Your largest expense in retirement, by far, is the cost of your housing.  And it's not even close.  In fact, looking at numbers from the Bureau of Labor Statistics, link is below), it's not until you reach the age of 75 and beyond that health care costs become your 2nd largest expenditure. And even then it's a far distant second than from what you will spend on housing.   And even then, food, transportation and "other" expenditures are all within striking distance of health care.   But housing remains above and beyond the most expensive item a retiree faces, accounting for 36.5% of a retiree over 75 expenditures. Health care comes in a distant second at 15.6. I am not sure why the financial industry keeps harping on the rising costs of health care in retirement while paying absolutely no attention to the cost of housing.  Think about it like this.  Fidelity says