In a perfect world, the largest expenses in retirement would be for fun things like travel and entertainment. In the real world, retiree health-care costs can take an unconscionably big bite out of savings. A 65-year-old couple retiring this year will need $275,000 to cover health-care costs throughout retirement, Fidelity Investments said in its annual cost estimate, out this morning. That stunning number is about 6 percent higher than it was last year. Costs would be about half that amount for a single person, though women would pay a bit more than men since they live longer. You might think that number looks high. At 65, you’re eligible for Medicare, after all. But monthly Medicare premiums
Gold nudged lower on Thursday, giving up some of its gains made after U.S. President Donald Trump's threat of a government shutdown, with investors remaining focused on a major central bankers conference in Jackson Hole. Spot gold was down 0.2 percent at $1,287.21 an ounce, as of 0700 GMT, after gaining 0.4 percent in the previous session. U.S. gold futures for December delivery slipped 0.2 percent to $1,292.40 per ounce.
Investors should be keying in on analyst days, which occur frequently in September and offer untapped potential, says Goldman Sachs. Held once a year, a company's analyst day gives investors and analysts an opportunity to interact with corporate executives. High-ranking company officials do deep dives on their respective businesses, and attendees usually can ask questions face-to-face.