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It isn’t easy to make predictions, especially about the future. But there is one prediction we’re confident in making: you will have substantial out-of-pocket expenses for health care after you retire. Personal finance experts estimate that an average retired couple age 65 will need at least $300,000 to cover health care expenses in retirement.

Warren Buffett's longstanding business partner, Charlie Munger, said on Wednesday that escalating tensions between the US and China are "massively dumb," and that Bitcoin should have been outlawed, calling it "below contempt."

Munger, 98, spoke during a nearly two-hour question-and-answer session at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher and supplier of software to courthouses that he chairs.