Watch Out for This One Expense ‘Breaking’ Your Retirement, According to 2 Money Experts

Core Insights - The primary concern for retirees is healthcare costs, which are increasingly seen as a significant threat to retirement savings [3][4][5] - A substantial number of individuals have not adequately planned for these expenses, leading to potential financial difficulties [6] Group 1: Healthcare Costs Impacting Retirement - Healthcare expenses are identified as a leading factor that can derail retirement plans, with 63% of individuals aged 60-70 citing it as their biggest concern [3] - Medical debt is the primary cause of bankruptcy, with approximately 67% of bankruptcies linked to medical issues and bills [4] - The average 65-year-old retiring in 2025 is projected to spend $172,500 on healthcare throughout retirement, reflecting a 4% increase from the previous year [5] Group 2: Lack of Preparation - One in five Americans have not considered healthcare needs in their retirement planning, which could lead to significant financial strain [6] Group 3: Strategies for Managing Healthcare Costs - Experts recommend opening and investing in a Health Savings Account (HSA) to prepare for healthcare expenses, highlighting its triple tax advantages [7]