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Tag Archive: average costs of healthcare for retirees

Healthcare Costs for Retirees Rise Again

Healthcare Costs for Retirees Rise Again

Healthcare Costs for Retirees Rise Again | May 14, 2012 | , ,

According to a report released by Fidelity Investments released last week, a 65 year old couple retiring in 2012 will spend at least $240,000 in healthcare costs during their retirement (this is on top of their Medicare benefits). Compared to the forecast given last year of $230,000, this update represents a 4% increase. Further, this expenditure forecast does not even include long-term care, over-the-counter medications, nor most dental care expenditures. Given this significant and growing amount, it is very important to ensure that your retirement...

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Do You Discuss Health Care With Your Financial Advisor?

Do You Discuss Health Care With Your Financial Advisor?

Do You Discuss Health Care With Your Financial Advisor? | May 9, 2012 | ,

Knowing that health care is such a large cost driver in retirement, why do so few pre-retirees discuss health care with their advisors? A recent study from Nationwide Financial states that almost half of high-net worth Americans who are close to retirement say that they are “terrified” of what health care costs may do to their retirement plans. However, only 38% say that they have not discussed retirement health care costs with their advisors. This survey also revealed that respondents who were 55 or older...

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