Healthcare workers save twice as fast for retirement

Published: Wednesday, Oct. 17 2012 12:30 p.m. MDT

Healthcare workers save a median of $17,000 more for retirement than those in other career fields.

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Healthcare workers save a median of $17,000 more for retirement than those in other fields, according to Fidelity Investments.

Healthcare workers saved an average of $7,000 for retirement in 2011, twice as much as other workers that year, but they also make a lot of miscalculations concerning their retirement.

On average, healthcare workers underestimate their social security benefits by $500 every month, compared to $450 for all other workers.

Twenty-six percent of workers in the field of healthcare expect fair to poor health in retirement. Forty-three percent report fair to poor health once they retire from the workforce.

Though 47 percent of healthcare workers expect to be able to work part-time during their retirement years, only 12 percent actually do.

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