The more you learn about personal finance, the more complicated your questions are likely to get. But never fear: hosts Robert Brokamp and Alison Southwick named their podcast Motley Fool Answers for a reason, and the Oct. 29 episode — the monthly mailbag show — the co hosts will tackle a whole bunch of money conundrums with a bit of help from Motley Fool Wealth Management Director of Financial Planning Megan Brinsfield, CPA, CFP, and all-around fine human being.
In this segment, they reply to an email from Matt, who is looking at some recommendations from the experts at Fidelity that have him a bit confused: If the average retired couple will spend $285,000 on healthcare, do they need it all at the start of retirement? Does the 10-time-your-income nest egg recommendation include those funds for medical care? And where does long-term care insurance fit in?
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This video was recorded on Oct. 29, 2019.
Alison Southwick: The next question comes from Matt. “I often hear that Fidelity estimates that a retired couple will need $285,000 to cover healthcare costs. Do you know if this…