Personal finance experts on The Money Guy Show warned about a six-figure expense that could bankrupt retirees, healthcare costs. 63% of people 60-70 years old are most concerned about healthcare expenses surpassing running out of money or inflation. The average 65-year-old retiring in 2025 can expect to spend $172,500 on healthcare throughout retirement.

To avoid financial devastation, experts suggest opening and investing in a Health Savings Account (HSA), prioritizing preventive health, choosing the right Medicare plan, and working with a financial advisor to set savings goals. Lack of preparation for healthcare needs in retirement could lead to significant financial strain from unexpected medical bills.

Read more at Yahoo Finance: Watch Out for This One Expense ‘Breaking’ Your Retirement, According to 2 Money Experts