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BERTHA STRIKES THE CARIBBEAN

Tropical Storm Bertha will not move into the Gulf of Mexico but tropical storm advisories are posted for areas of the Caribbean. This is the 2nd named storm of the Atlantic Basin hurricane season.

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TROPICAL STORM BERTHA

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Early retirement could cause huge financial burdens

Many people dream of retiring early.
But leaving the workforce sooner, could cause a huge financial burden.

A new study by Fidelity shows that if a couple retires before the age of 65 they'll face an additional $51,000 dollars in medical expenses over those years.
   
And that doesn't include the cost of over the counter medications or long-term care, like nursing homes.

That's because Medicare doesn't kick in until 65.
So without coverage from a former employer.   The couple is footing the bill for insurance themselves.
   
Experts say in addition to a retirement fund people should consider building up a nest egg for healthcare expenses.