That Fidelity graphic on health care costs is very misleading. The $315,000 doesn't come out of the $2.5 million, but rather the $2.5 million PLUS all the returns on the $2.5 million. It would only come out of the $2.5 million if it was a front-loaded cost. In reality, it more likely to be spent later in retirement. The green pie should be 2-3X the $2.5 million when real returns are included.
What is your thought on Fidelity's SPAXX ? I have had cash in it for over a year and love the dividends but is it a good long term place to store cash?
What is amazing is so many folks do not realize it entirely depends on each individual. One person wants to retire at 50 with $0 in the bank but has a $8k monthly pension that and their monthly spending is $4K. They most likely can and will have $4K a month cushion to create a emergency fund, etc. While another person is 65 and has $3M in retire funds/cash/etc. but spends $40K a month.... One will be fine, the other probably not if they don't change their ways. Again, each situation is highly unique but when we still see these crazy click bait headlines, it drives me nuts!
