Healthcare Costs Are Seniors' Biggest Financial Concern for Retirement, but Few Are Planning for Them

Close your eyes for a minute and imagine your dream retirement. Among the things you probably didn't picture were visits to hospitals, spending time in long-term care facilities, or taking prescription drugs, but those, too, are part of the reality for many retirees, and they carry a big price tag. The question of whether or not they'll be able to pay for their healthcare and long-term care is the most common money-related worry among retirees, according to a 2020 Edward Jones survey.