​If you’re approaching retirement, you may be starting to think about health care costs after you stop working. Health care is a major source of expenses for many retirees. In fact, Fidelity estimates that the average retiree will spend $260,000 on out-of-pocket costs such as premiums, deductibles, copays and other medical expenses.1
 
Many retirees assume that government programs like Medicare and Medicaid will cover all their health care costs. That assumption is usually incorrect. Medicare is a valuable resource, but it only covers a portion of most health care costs. Some treatments aren’t covered by Medicare at all.

​Do you have a legacy that you want to leave for your loved ones after you pass way? You’ve probably worked hard to build an estate that includes investments, cash, retirement accounts, real estate and even personal property. As you approach the later years of your life, you may be thinking about how to distribute them to your family.
 
Unfortunately, some of your assets may not go to your heirs. Many estates face a substantial amount of costs, like legal fees and administrative expenses. These costs can erode your legacy and reduce the amount of assets that are passed to your loved ones. Your family may end up with only a fraction of your estate.