3 Things About Retirement Every Worker Needs to Know

Many seniors are caught off-guard by the cost of healthcare, so it may help (and scare) you to know that as per Fidelity's latest estimates, the typical 65-year-old couple retiring this year will spend $295,000 on it throughout retirement. While padding your retirement savings will help you better absorb the cost of healthcare later in life, another good bet is to contribute to a health savings account during your career, assuming you're eligible. With an HSA, you can contribute funds tax-free (like a traditional 401(k) or IRA) and then withdraw them immediately for healthcare expenses, or carry that money forward into retirement and use it when you might need it the most.