Jean Setzfand on AARP's new Health Care Costs Calculator and how it works
Jan 22, 2014 EST
In today's economy, planning for retirement requires more than practicing your golf swing and playing with the grandkids. Even with an employer plan, out-of-pocket costs such as health care are often overlooked and can add up quickly, at times reaching more than $200,000 a couple.
Despite this number, a new study found that only one third of Americans close to retirement age have taken steps to saving for extra expenses.
Jean C. Setzfand shows how to add up the real costs of retirement. She walks your viewers through a free online Health Care Costs Calculator that estimates health costs in retirement and helps users create a personalized action plan to save for their next financial chapter, as well as make healthy lifestyle changes.
