Retiring Couples Need $225,000 for Medical Costs

A couple that retires in 2008 will need about $225,000 to cover their medical costs in retirement, according to a new Fidelity Investments study. That figure is up 4.7% from the 2007 estimate of $215,000.

• "Fidelity: Couple Needs $225,000 To Cover Health Care in Retirement" (Alt Powell, AP/Boston Globe, 3/5).