If you are in your late 50’s or early 60’s – we think it’s important to take Health Care costs into account as you transition into retirement. Many believe that Medicare covers all healthcare expenses. It does not. According to Fidelity, the well-known investment company, a single person age 65 in 2023 may need about $157,500 saved after taxes to cover health care expenses in retirement.  Health Care costs in Retirement.  (pdf)