In a recent Nationwide Financial survey, almost half of Americans who were close to retirement and had more than $250,000 in household assets said they were “terrified” about health-care costs. To prepare, budgets must be in order. Retirees can expect lower living costs, but should expect other costs to replace them, such out-of-pocket medical expenses. Workers should remain in the work force until age 65 because couples who retire before they are eligible for Medicare could pay as much as $30,000 a year for bare-bones health insurance. Health-cost inflation runs two to four times the consumer-price index, said Katy Votava, founder and president of Goodcare.com. Retirees should also shop around for a Medicare plan annually because the costs change every year.
A survey of advisors nationwide reveals how the use of ETFs is expanding and what factors are likely to further support this trend.
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Use this tool to help your clients understand more about Health Savings Accounts and the role they play in their financial future.
Nov 02, 2017
Join this conversation as a panel of experts provides tips and best practices to optimize your tech resources for business growth.
Oct 25, 2017
Join this complimentary webcast to discover how to leave the impression that employee benefits is stodgy and sluggish in the past.
Sep 28, 2017
Women face unique retirement challenges. We can give you key considerations and strategies to help you optimize your female clients’ Social Security. In this webcast, you’ll...